31st Jul 2018 11:05
LONDON (Alliance News) - CYBG PLC said Tuesday three non-executive directors from the Virgin Money Holdings PLC board - including Virgin Group Chief Financial Officer Amy Stirling - will join its own board on the completion of the GBP1.70 billion all-share takeover.
Geeta Gopalan and Darren Pope will be joining CYBG as independent non-executive directors while Amy Stirling will be joining as a non-executive director.
All three will also join the board of Clydesdale Bank PLC.
Stirling is currently the chief financial officer of the Virgin Group. She was previously non-executive director at Pets at Home Group PLC and the UK Cabinet Office as well as CFO of TalkTalk until 2013 following its demerger from Carphone Warehouse.
Pope has over 30 years; of experience in retail banking and financial services, CYBG said, and was formerly chief financial officer of TSB Bank PLC.
Gopalan is a former UK retail bank & business development head for Europe & Middle East at Citigroup.
Chairman Jim Pettigrew said: "We are delighted Geeta, Darren and Amy have agreed to join the CYBG board on completion of the offer.
"We believe the combination of CYBG and Virgin Money will be a powerful force in UK banking and the insight, expertise and experience of all three proposed directors will be invaluable as we bring both businesses together to create the first true national competitor to the status quo."
Shares in CYBG were up 1.5% Tuesday at 342.20 pence each. Virgin Money was trading up 1.5% at 393.90 pence each.