Appointment of Interim CFO

RNS Number : 3083A

Virgin Money UK PLC

28 September 2020

 

VIRGIN MONEY UK PLC

(Company or Virgin Money UK)

LEI:  213800ZK9VGCYYR6O495

28 September 2020

Virgin Money UK appoints Enda Johnson as Interim Group Chief Financial Officer

Virgin Money UK today announces that it has appointed Enda Johnson as Interim Group Chief Financial Officer (CFO) with effect from 15 October 2020. The Company is continuing its search for a permanent CFO and will update the market on its progress as appropriate.

Enda is currently Group Corporate Development Director at Virgin Money UK and has been a member of the Group's Executive Leadership Team since 2016. During this time he has held roles that have included responsibility for strategy, corporate finance, corporate affairs, financial planning and investor relations.

David Duffy, Chief Executive Officer, said: "Enda, together with Ian and I, has been instrumental in developing and directing Virgin Money UK's strategy since the IPO. Enda's broad banking experience and deep knowledge of our business make him a strong appointment as our Interim CFO, providing continuity while we continue our search for a permanent CFO. I would also like to thank Ian for his leadership, contribution and commitment during his time as CFO and wish him the very best for the future.".

Enda will succeed Ian Smith, who resigned in January and will step down as an Executive Director on 30 September 2020 and leave the Company on 14 October 2020 following the completion of a comprehensive handover of responsibilities. As an interim appointment, Enda will not join the Board of the Company.

Biographical information

Enda Johnson is currently Group Corporate Development Director at Virgin Money UK and has been a member of the Executive Leadership Team since 2016, during which time he has held roles that have included responsibility for strategy, corporate finance, corporate affairs, financial planning and investor relations. He joined the Group in 2015 from Allied Irish Banks plc (AIB) where he was Head of Strategy & Corporate Affairs for 3 years. Prior to AIB Enda was a member of the Banking Unit at the Irish National Treasury Management Agency (NTMA), where he worked on the recapitalisation and restructure of Irish banks following the global financial crisis and subsequent programme of financial support for Ireland provided by the IMF, ECB and EU in 2010. Enda started his career at Merrill Lynch working in New York, California and London in their investment banking and capital markets divisions on client advisory and equity transactions for global clients on a cross industry basis. Enda holds both a BA in Economics and BSc in Engineering from Brown University.

The information contained within this document is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulation No 596/2014. Upon the publication of this document via Regulatory Information Service, this inside information is now considered to be in the public domain.

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

For further information, please contact:

Investors and Analysts
Andrew Downey	07823 443 150
Head of Investor Relations	[e-mail]
Company Secretary
Lorna McMillan	07834 585 436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

 

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