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LONDON - Santander UK Group Holdings PLC revealed today that its current Board Chair, William Vereker, plans to resign from his position on the Boards of Santander UK plc and Santander UK Group Holdings plc during 2025. The announcement comes after Vereker’s tenure, which began in November 2020, during which he oversaw significant business transformation and Board evolution, including the appointment of a new CEO and the refreshment of all Independent (LON:IOG) Non-executive Directors.
Ana Botin, Group Executive Chair of Banco Santander (BME:SAN) S.A., expressed gratitude for Vereker’s leadership, particularly through challenging times including the Covid pandemic and economic difficulties. Botin credited Vereker with guiding the bank to provide necessary support to customers and contributing to transformations that position the UK operations as integral to the Group’s future success.
Vereker, reflecting on his time as Chair, stated that with the transformation well underway and a strong leadership team in place, the timing is right for his departure. He expressed pride in the business’s progress and confidence in its continued development under new leadership.
The process to appoint a new Chair is currently being conducted by the Santander UK Board Nomination and Governance Committee, with an announcement of Vereker’s successor to be made in due course.
Santander UK serves approximately 14 million active customers, including 7 million digital customers, through various channels such as a 444 branch network, telephone, mobile, and online banking. The bank operates under the supervision of the UK’s Financial Conduct Authority (FCA) and the Prudential (LON:PRU) Regulation Authority (PRA), with customer deposits protected by the Financial Services Compensation Scheme (FSCS).
Banco Santander, the parent company of Santander UK, is recognized as a leading commercial bank with a broad global presence, including a significant market capitalization. The Group operates across various sectors, offering services to individuals, SMEs, corporates, and government entities, with commitments to sustainability and responsible banking practices.
This article is based on a press release statement from Santander UK Group Holdings PLC.
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