REG - Virgin Money UK PLC Clydesdale Bank PLC - Directorate Change: CFO Departure

Virgin Money UKAnnouncement

30/10/2024 08:15

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RNS Number : 1049K  Virgin Money UK PLC  30 October 2024

 

 

VIRGIN MONEY UK PLC

(Company or Virgin Money)

 

LEI: 213800ZK9VGCYYR6O495

 

30 October 2024

 

Directorate Change: Chief Financial Officer Departure

 

Virgin Money announces that Clifford Abrahams, Chief Financial Officer (CFO),
has informed the Board of his decision to step down from his position.
Clifford will be leaving the Company to pursue a new opportunity at another
organisation.

 

Clifford will remain with the Company as CFO and an Executive Director of the
Company and of Clydesdale Bank PLC until 15 December 2024, ensuring a smooth
transition to Gergely Zaborszky, who will become an Executive Director and
assume the role of CFO, subject to regulatory approval.

 

Gergely is currently Head of FP&A and Capital Management at Virgin Money.
He was previously at GE where he held a number of senior roles, most recently
CFO Imaging at GE Healthcare.

 

The Board wishes to express its gratitude to Clifford for his dedication and
significant contribution to the Company during his tenure as CFO and wishes
him every success in his future endeavours.

 

David Bennett, Board Chair, said: "In his time at Virgin Money Clifford has
been instrumental in driving strategic change at the organisation and has
brought discipline and focus to the finance function. He has been a great
colleague and on behalf of the Board I wish him well for the future. I'm
pleased that we have identified such a strong successor and look forward to
working with Gergely as the business moves to its next phase of development."

 

Announcement authorised for release by Lorna McMillan, Group Company
Secretary.

 

For further information, please contact:

 

 Investors and Analysts
 Richard Smith                                    07483 399303
 Head of Investor Relations & Sustainability      richard.smith@virginmoney.com

 Company Secretary
 Lorna McMillan                                   07834 585436
 Group Company Secretary                          lorna.mcmillan@virginmoney.com

 Media Relations
 Press Office                                     0800 066 5998
                                                  press.office@virginmoney.com

 

Virgin Money UK PLC is registered in England and Wales (company number:
09595911) and has its registered office at Jubilee House, Gosforth, Newcastle
upon Tyne, NE3 4PL

 

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