Directorate Change

RNS Number : 3768D

Paragon Banking Group PLC

27 October 2020

 

Paragon Banking Group PLC ("Paragon" or the "Company")

Board changes

Paragon is pleased to announce the appointment of Peter Hill as a Non-Executive Director and member of the Risk and Compliance Committee ("RCC") with immediate effect. 

Peter will become Chair of the RCC with effect from 31 December 2020 to allow for a managed and orderly transition from the current RCC Chair, Finlay Williamson. Finlay Williamson will step down as RCC Chair and from the Board as a Non-Executive Director on 31 December 2020.

Finlay was appointed to the Board in 2017 and is a member of the RCC and Audit Committee. Finlay will also be stepping down at the same time from the Board of Paragon Bank PLC, to which he was appointed in 2015.

Fiona Clutterbuck said: "We are enormously grateful for the contribution Finlay has made to the embedding of our Risk Management Framework. Finlay has brought humour, great experience and energy to his role and we will miss him."

Peter Hill was previously CEO of Leeds Building Society from 2011 until his retirement in 2019.  He is currently a Non-Executive Director and Chairman of the Risk Committee for Pure Retirement Limited and is the Chairman of Mortgage Brain. 

Peter brings with him a wealth of experience in Financial Services and a proven track record in risk oversight, gained during his executive and non-executive career.

Peter said: "I am delighted to be joining the Board and am looking forward to sharing my knowledge and experience to support Paragon's strategy of continuing its development as a leading specialist bank."

Fiona Clutterbuck, Paragon's Chairman added: " We are delighted to welcome Peter to the Board. His retail banking experience as a CEO of a large building society, together with his knowledge of the financial services sector more generally will be invaluable in his role, in due course, as Chairman of Paragon's Risk Committee. "

No information is required to be disclosed pursuant to LR 9.6.13 R.

For further information please contact:

Deborah Bateman, Director External Relations

Marius van Niekerk, General Counsel and Company Secretary

0121 712 2075

27 October 2020

 

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