Partner Article

Rock makes changes at the top

NORTHERN Rock has announced that Rick Hunkin, Chief Risk Officer (CRO), will step down from the Board and leave the Company on 31 December 2010.

Mr Hunkin was appointed as CRO of the former Northern Rock business on 1 September 2008. Following the legal and capital restructure, he was then appointed to the Board of Northern Rock plc on 1 January 2010.

The Company has confirmed that it is engaged in a process to appoint a new CRO but the process has not yet concluded.

The Company has also confirmed that it has appointed Heather Lauder to its Executive team as customer service and sales director, with effect from 8 November 2010.

She joins the Company from Aegon UK Ltd, and has broad experience in the banking sector where she has held senior executive roles with Tesco Bank and the Royal Bank of Scotland Group.

Gary Hoffman, Chief Executive, said: “Rick was highly instrumental in strengthening the risk and control environment of the former Northern Rock business and he has embedded the same strong principles within the new Company. I would like to thank Rick for his substantial contribution during his time with us and we wish him well for the future.”

“I am pleased that Heather has agreed to join the Company. She brings extensive experience of the banking sector and will further strengthen the Northern Rock executive team for the future.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .