NAB UK CEO steps down
(17 March 2010 – UK) National Australia Bank has announced the resignation of their UK chief executive Lynne Peacock after 8 years with NAB, which included 7 years leading NAB’s UK business.
David Thorburn has been appointed CEO designate of UK Banking, subject to regulatory approval, and will join the Group’s Executive Committee from 1 July 2011.
NAB Group’s chief executive Cameron Clyne said that Ms Peacock had made a tremendous contribution to NAB and worked tirelessly to build its UK operations into a strong, sustainable business with a first class reputation.
"Lynne has successfully transformed the UK businesses and ensured they were kept safe and secure during the worst financial crisis in post war history. I would like to thank her for the valuable contribution she has made as a member of the NAB Group Executive Committee," Mr Clyne added.
"David Thorburn is an experienced executive with extensive business and retail banking experience coupled with strong leadership qualities. He has been a Board Director of Clydesdale Bank PLC since 2002 and worked closely with Lynne as part of the UK management team for 7 years," Mr Clyne said of Ms Peacock’s replacement.
"I would like to congratulate David on behalf of the Board and look forward to working with him on the continued development of NAB’s UK Banking business," he said.
NAB Group’s chief executive Cameron Clyne said that Ms Peacock had made a tremendous contribution to NAB and worked tirelessly to build its UK operations into a strong, sustainable business with a first class reputation.
"Lynne has successfully transformed the UK businesses and ensured they were kept safe and secure during the worst financial crisis in post war history. I would like to thank her for the valuable contribution she has made as a member of the NAB Group Executive Committee," Mr Clyne added.
"David Thorburn is an experienced executive with extensive business and retail banking experience coupled with strong leadership qualities. He has been a Board Director of Clydesdale Bank PLC since 2002 and worked closely with Lynne as part of the UK management team for 7 years," Mr Clyne said of Ms Peacock’s replacement.
"I would like to congratulate David on behalf of the Board and look forward to working with him on the continued development of NAB’s UK Banking business," he said.
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