Directorate Change: CFO Departure

Virgin Money UK PLC

30 October 2024

 

VIRGIN MONEY UK PLC

(Company or Virgin Money)

LEI: 213800ZK9VGCYYR6O495

30 October 2024

Directorate Change: Chief Financial Officer Departure

Virgin Money announces that Clifford Abrahams, Chief Financial Officer (CFO), has informed the Board of his decision to step down from his position. Clifford will be leaving the Company to pursue a new opportunity at another organisation.

Clifford will remain with the Company as CFO and an Executive Director of the Company and of Clydesdale Bank PLC until 15 December 2024, ensuring a smooth transition to Gergely Zaborszky, who will become an Executive Director and assume the role of CFO, subject to regulatory approval.

Gergely is currently Head of FP&A and Capital Management at Virgin Money. He was previously at GE where he held a number of senior roles, most recently CFO Imaging at GE Healthcare.

The Board wishes to express its gratitude to Clifford for his dedication and significant contribution to the Company during his tenure as CFO and wishes him every success in his future endeavours.

David Bennett, Board Chair, said: "In his time at Virgin Money Clifford has been instrumental in driving strategic change at the organisation and has brought discipline and focus to the finance function. He has been a great colleague and on behalf of the Board I wish him well for the future. I'm pleased that we have identified such a strong successor and look forward to working with Gergely as the business moves to its next phase of development."

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

For further information, please contact:

Investors and Analysts
Richard Smith	07483 399303
Head of Investor Relations & Sustainability	[e-mail]
Company Secretary
Lorna McMillan	07834 585436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

Virgin Money UK PLC is registered in England and Wales (company number: 09595911) and has its registered office at Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL

 

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