9th Jul 2018 10:39
LONDON (Alliance News) - The Co-Operative Bank PLC said Monday that it has appointed Andrew Bester as chief executive officer with immediate effect.
Bester will be replacing Liam Coleman, who has decided to step down after more than a year in the role since December 2016.
Bester will be joining from FTSE 100-listed Lloyds Banking Group PLC, where he was director of the Commercial Banking division for five years from 2012 to 2017, and prior to that he was chief operating officer of the Consumer Banking division at FTSE 100-listed Standard Chartered PLC for a year from 2011 to 2012.
"I am delighted that we are appointing Andrew as CEO. He is a first class business leader with the experience, drive and intellect required to lead the organisation forward at a key point in its turnaround journey. Five years ago, the bank faced very significant problems and over that time we have made progress towards successfully tackling those issues. In Andrew we have found the right person to take us on to the next stage as we focus on achieving a sustainable profitable bank," said Chairman Bob Dench.
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