Business
Metro Bank appoints CEO
Metro Bank appoints CEO.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 3989D\n Metro Bank PLC\n 19 February 2020\n \n \n \n Legal Entity Identifier: 213800X5WU57YL9GPK89\n \n \n 19 February 2020\n \n \n \n \n \n Metro Bank PLC (LSE: MTRO LN)\n \n \n Metro Bank appoints Dan Frumkin as Chief Executive Officer\n \n Metro Bank today announces that the Board has appointed Dan Frumkin as Chief Executive Officer (CEO) with immediate effect, subject to regulatory approval. \n \n Dan Frumkin has been serving as Metro Bank's Interim CEO since 1 January 2020 having joined the Company in September 2019 as Chief Transformation Officer (CTO). Dan, 55, most recently spent eight years at The Bank of N.T. Butterfield & Son Limited, a full-service community bank based in Bermuda, as their Global Chief Operating Officer and prior to that as Global Chief Risk Officer. He has previously held roles at RBS and Northern Rock.\n \n Sir Michael Snyder, Chairman said: \"When we began the search for a permanent CEO, we were looking for someone who believed in prioritising excellent customer service with a track record in retail banking and business transformation, and the necessary experience to deliver sustainable growth.\n \n \"We have conducted a comprehensive evaluation from a strong field of candidates and Dan stood out. The combination of three decades of experience across retail banking and the positive impact he has made since joining Metro Bank last year mean we have identified an impressive CEO to take Metro Bank into its second decade. I look forward to working with Dan as we deliver the next chapter.\" \n \n Dan Frumkin added: \"Having spent the past few months getting to know Metro Bank and meeting colleagues across the country, it is clear that their passion and commitment to delivering for customers is second to none. This is a business with robust foundations and real potential to shake up British banking. I am excited about the opportunity and look forward to updating the market on our plans on 26 February.\"\n \n Remuneration disclosure\n \n Dan will be paid in accordance with Metro Bank's approved remuneration policy:\n \n \n · \n His salary will be £740,000 and he will be eligible for total variable reward opportunity in the range of 0% to 200% of salary. \n \n \n · \n No variable reward is expected...