Mortgages  

Virgin Money CFO steps down

Virgin Money CFO steps down

Lee Rochford is to stand down as chief financial officer and executive director of Virgin Money.

Having seen the bank through an IPO, in a stock exchange announcement made this morning (1 September) Virgin Money stated the company and Mr Rochford agreed now was the right time for him to develop his career outside Virgin Money.

He will step down immediately and Dave Dyer, currently strategy director and previously CFO of Virgin Money, will undertake the role for an interim period.

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Mr Dyer will be supported, as necessary, by Mr Rochford, who remains available to the company until the end of his notice period.

Glen Moreno, chairman of Virgin Money, said: “I would like to thank Lee for his contribution, both to the board and as chief financial officer, and wish him well for the future. We are well-placed to find a talented successor to take the business forward.”

Chief executive Jayne-Anne Gadhia said: “I have known Lee for many years, and together we achieved the successful listing of Virgin Money on the London Stock Exchange.”

Mr Rochford said: “I am proud of what we have delivered together at Virgin Money in the past two years, and I have achieved what I set out to do when I joined the business.

“I am ready now for a new challenge outside of Virgin Money and I wish Jayne-Anne and all of the team every success for the future.”

emma.hughes@ft.com