Directorate Change

RNS Number : 9912T

Paragon Banking Group PLC

28 July 2022

 

RNS ANNOUNCEMENT

28 July 2022

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

Appointment Of Chair

Following receipt of regulatory approval from the FCA and the PRA, the Board of Paragon is pleased to announce the appointment of Robert East as a Non-Executive Director and Chair of Paragon with effect from 1 September 2022.  Robert will succeed Fiona Clutterbuck, who will concurrently retire as Chair and as a Non-Executive Director.  

Fiona joined the Board in 2012 and has been Chair since May 2018.  The Board wishes to express its sincerest thanks to Fiona for her unwavering commitment and significant contribution over the last 10 years and to wish her every success for the future.

Robert has over 40 years' experience in UK financial services, including at board level, as CEO and Chair.  During his executive career he held senior roles at Barclays.  He was also CEO of Cattles, where he led the restructuring and wind down of its operations from 2010 to 2016.  He has held positions as Chair of Vanquis Bank, Skipton Building Society and Hampshire Trust Bank.  He has previously served as a non-executive director on the boards of Provident Financial Group, Skipton and Hampshire Trust Bank, where he was also Chair of the Risk Committee.

On appointment, Robert will join Paragon's Board, Nomination Committee, Remuneration Committee and Risk & Compliance Committee. 

Robert East said:

"I am delighted to take up the role of Chair at Paragon and look forward to working with the Paragon management team as we continue to build on the successes of the Group".

Fiona Clutterbuck said:

"It has been a privilege to serve as Chair of this very special Group.  I wish Robert every success as he joins the Board at a very exciting time for Paragon as it continues its growth and development as a leading UK technology enabled specialist bank."

This announcement is made in accordance with Rule 9.6.11 of the Listing Rules. 

Rule 9.6.13 of the Listing Rules

Robert was the Chief Executive Officer of Cattles PLC which underwent a scheme of arrangement in March 2011.  In connection to this, two of its subsidiaries, of which Robert was a director until February 2020, were placed into creditors' voluntary liquidation and dissolved in H2 2021. The Group confirms there are no other matters requiring disclosure under Rule 9.6.13 of the Listing Rules other than the aforementioned.

Marius van Niekerk, General Counsel and Company Secretary

Deborah Bateman, External Relations Director

0121 712 2075

 

END

 

 

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