Aldermore Group PLC announces today that John Callender is to step down from his position on the Board of Directors, with effect from early 2015, having served as Independent Non-Executive Director on the Board since the Bank was established in May 2009.
During his time on the Board, Aldermore has grown from 50 people with total loans of around £76 million to become one of the country’s fastest growing banks with over 800 employees. In its half year 2014 results, the Bank reported total assets of £4.8 billion and profits before tax of £18.6 million.
During his tenure, John chaired the Risk Committee and, at one stage, served as interim Chairman. His successor as Chairman of the Risk Committee will be appointed in due course.
Glyn Jones, Chairman of Aldermore Bank commented:
“John has played a critically important role on our Board since the Bank was founded over five years ago, making invaluable contributions both as a member of the Board and as Chairman of the Risk Committee. I personally wish to thank him for his contribution and wish him all the very best for the future."
“Aldermore has a strong Board with a wealth of business and public company experience. The Bank is well positioned as it looks to continue its increasing profitability in 2015.”
For further information, journalists can contact:
Phone: 0203 553 4244
Mobile: 07931 492 722
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.