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LONDON - Vanquis Banking Group PLC (Vanquis), a financial services provider, announced the retirement of two long-standing non-executive directors, Paul Hewitt and Angela Knight. Following the Board meeting on Monday, the company confirmed that both directors concluded their service after six years with the firm.
In line with these departures, Vanquis has received regulatory approval for the appointment of Michele Greene as Chair of the Board Risk Committee and Senior Independent (LON:IOG) Director. Oliver Laird will take over as Chair of the Board Audit Committee. These appointments are effective immediately following the Board meeting.
Sir Peter Estlin, Group Chairman of Vanquis, expressed gratitude for the contributions of Hewitt and Knight, highlighting their tireless work in transforming the business during their tenure. Estlin welcomed the new appointees, recognizing their extensive experience as Non-Executive Directors and expressing anticipation for their contributions in their new roles.
The company’s announcement adhered to the UK Listing Rules, stating that there are no further details requiring disclosure under UKLR 6.4.6 in relation to the new appointments of Michele Greene and Oliver Laird.
This transition in Vanquis’s leadership comes as part of the company’s ongoing governance and oversight enhancements. The new chairs are expected to continue the work of their predecessors in maintaining the company’s commitment to strong board leadership and risk management.
The information regarding the directorate changes was distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement from Vanquis Banking Group.
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