7th Oct 2019 07:45
(Alliance News) - Tesco PLC on Monday confirmed the appointment of John Kingman as non-executive director for its banking arm, Tesco Personal Finance with effect on November 1.
The FTSE 100 supermarket chain did not confirm, however, if Kingman would be appointed as chair of Tesco Bank.
On Saturday, Sky News reported that Kingman had been lined up to become chair of Tesco Bank, replacing Graham Pimlott after seven years in the role.
Kingman has been chair at insurance and pensions firm Legal & General PLC for three years since 2016. Prior to that, he was part of the UK Treasury for four years from 2012 to 2016, leaving as acting permanent secretary.
"I am delighted to welcome John to the board. His experience speaks for itself and will be invaluable as we drive the change required to ensure the bank can best serve a broad range of Tesco customers," Pimlott said.
By Dayo Laniyan; [email protected]
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