German construction sector still in recession, civil engineering only bright spot
LONDON - Santander UK announced on Friday that Chief Executive Officer Mike Regnier will step down from his position by the first quarter of 2026, after what will be approximately four years at the helm of the British banking unit.
Regnier, who joined Santander UK in March 2022, has led a significant transformation program during his tenure, which recently included the acquisition of TSB Banking Group from Banco Sabadell in July 2025, pending regulatory approval.
The bank has initiated a search process for Regnier’s successor, with expectations to conclude the appointment in early 2026, according to Santander UK Chair Tom Scholar.
"It had been my intention to move on after 4-5 years with Santander as I have other interests I would like to pursue," Regnier said in a statement. He added that since the TSB integration will take "considerably longer," he suggested finding a successor who could oversee the project through completion.
Ana Botin, Executive Chair of Banco Santander, acknowledged Regnier’s contribution, stating he "has done an excellent job in his four years with Santander," adding that his decision "allows an orderly transition and stable leadership through a very important integration project."
Scholar noted that the board is "very grateful to Mike for his leadership and drive" and highlighted the strong succession plans already in place.
The announcement comes as Santander UK continues its strategic transformation while preparing for the integration of TSB, which the company described as an acceleration of its strategy in the UK market.
The information in this article is based on a press release statement from Santander UK.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.