Metro Bank Board Update
Legal Entity Identifier: 213800X5WU57YL9GPK89
METRO BANK FOUNDER BECOMES EMERITUS CHAIRMAN
Metro Bank today announces that Vernon Hill has decided to step down from his role as Chairman with immediate effect, while remaining a Non-Executive Director until 31 December 2019, and has agreed to accept the honorary position of Emeritus Chairman. Emeritus Chairman is an honorary title to recognise Vernon's extraordinary contribution to Metro Bank.
Sir Michael Snyder has been appointed as interim Chairman with immediate effect, subject to regulatory approval, until a permanent successor is appointed.
Commenting, Sir Michael Snyder, said: "The Board thanks Vernon for his vision which inspired and created Metro Bank ten years ago. He leaves a lasting legacy of creating fans through exceptional customer service and has revolutionised British banking."
Vernon Hill added: "I wish all of our fans - Metro Bank's customers, colleagues and shareholders - every success for the next stage of the journey. As always, the best is yet to come."
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 and was authorised for release by David Arden, Chief Financial Officer.
For further information on this announcement, please contact:
Metro Bank PLC
+44 (0)20 3402 8900
Charlotte Sjoberg / Tina Coates
+44 (0)7970 633255 / +44 (0)7811 246016
Charles Armitstead / Haya Herbert‐Burns
+44 (0) 7703 330269 / +44 (0) 7342 031051
About Metro Bank
Metro Bank is the revolution in British banking. It is celebrated for its exceptional customer experience and achieved the top spot in the Competition and Market Authority's Service Quality Survey among personal current account holders for its overall service and came second among business current account holders in August 2019. It was also awarded 'Best All Round Personal Finance Provider' at the Moneynet Personal Finance Awards 2019. It is also recognised by Glassdoor in its 'Best Place to Work UK 2019' top 50 list. Offering retail, business, commercial and private banking services, it prides itself on using technology to give customers the choice to bank however, whenever and wherever they choose. Whether that's through its growing network of stores open seven days a week, from early in the morning to late at night, 362 days a year; on the phone through its UK-based 24/7 contact centres manned by people not machines; or online through its internet banking or award-winning mobile app: the bank offers customers real choice. The bank employs around 3,900 colleagues and is headquartered in Holborn, London. Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trade mark of Metro Bank PLC. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk.
All Metro Bank products are subject to status and approval. Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.
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Quick facts: Metro Bank
Market Cap: £315.67 m
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