26th Nov 2019 17:20
(Alliance News) - Virgin Money UK PLC said Tuesday that Non-Executive Director Clive Adamson has decided to step down effective Friday to take up external appointment.
The company said Adamson, who has been a member of the board since July 2016, is the chair of the Risk Committee and a member of the Audit Committee. He is also a director of Clydesdale Bank PLC and Virgin Money PLC.
Geeta Gopalan, one of the company's independent non-executive directors, will be appointed as chair of the Risk Committee and will also become a member of the Audit Committee effective from Saturday.
The company said Gopalan joined the board on October 2018 following the company's acquisition of Virgin Money and has been a member of the Risk Committee since that date. She has also been chair of the Virgin Money PLC's Risk Committee since January 2018.
Jim Pettigrew, chair of the bank, said: "On behalf of the board I would like to thank Clive for his contribution, specifically in developing the role of the Risk Committee in the company's first years as a listed company and in overseeing the delivery of the group's IRB accreditation which was successfully achieved in October 2018."
Virgin Money UK shares closed 1.1% lower in London at 142.50 pence each on Tuesday.
By Loreta Juodagalvyte; [email protected]
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