Yorks Bank boss is to step down

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YORKSHIRE Bank boss Lynne Peacock is to step down in July after eight years.

She will be leaving her position as UK chief executive officer of the National Australia Bank, which owns the Clydesdale and Yorkshire Banks.

David Thorburn has been appointed as CEO designate of UK Banking, subject to approval.

Ms Peacock said: “It has been a great privilege to serve NAB over the past eight years but after almost seven years as UK CEO I believe that it is time for a change.

“It has been extremely fulfiling leading the transformation of the Clydesdale and Yorkshire Bank with the support of the Group and Board.

“Most importantly I’d like to thank the UK management team for their unstinting support, guidance and friendship.”

National Australia Bank Group CEO Cameron Clyne said: “Lynne has made a tremendous contribution to NAB and worked tirelessly to build our UK operations into a strong, sustainable business with a first class reputation.”

He said he congratulated Mr Thorburn on his new role in the business.

Alex Newman, partner at Irwin Mitchell in Leeds

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