15th Feb 2022 10:05
(Alliance News) - Metro Bank PLC on Tuesday announced that Chief Financial Officer David Arden will step down from his role immediately, and leave the London-based retail bank completely on April 1.
Metro Bank gave no reason for Arden's departure, saying it was "agreed with the board".
The lender will publish its annual results on Wednesday next week, and it said it anticipates the results to be in line with management expectations.
Deputy CFO Marc Jenkins will take up responsibility for the Finance function while Metro commences the search for an interim chief financial officer.
Arden has been part of Metro Bank for four years since 2018, having joined the company from Sainsbury's Bank, which is part of FTSE 100 supermarket chain J Sainsbury's PLC.
"On behalf of the board I would like to thank David for the important work that he has done to strengthen Metro Bank's financial controls over the past two years. He has played an instrumental role in helping to deliver the bank's strategic priorities and turnaround plan and leaves with our best wishes for the future," said Chief Executive Officer Daniel Frumkin.
Shares in Metro Bank were down 3.1% at 96.47 pence on Tuesday in London.
By Dayo Laniyan; [email protected]
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