VIRGIN MONEY UK PLC
(Company or Virgin Money)
LEI: 213800ZK9VGCYYR6O495
26 June 2024
Virgin Money appoints Petra van Hoeken as Non-Executive
Director and Chair of the Risk Committee
The Company announces the
appointment of Petra van Hoeken as an independent Non-Executive
Director of the Company with effect from 1 July 2024. Additionally,
Petra will replace Geeta Gopalan as Chair of the Risk Committee,
subject to final regulatory approval, also with effect from 1 July
2024.
Petra's biography is set out
below. Petra is currently a member of the
Supervisory Board, chair of the Risk and Compliance Committee and a
member of the Audit Committee at de Volksbank; non-executive board
member, chair of the Risk and Compliance Committee and a member of
the Audit Committee at Nordea Bank; and non-executive board member,
vice-chair of the Audit Committee and member of the Investment
Committee and Impact Committee at Oranje Fonds. Petra is also an
advisor to the Dutch Ministry of Economic Affairs & Climate as
chair of the Advisory Committee for Credit; a member of the
Donations Review Committee of the Leiden University; a member of
the board of the Foundation for the holding and administration of
shares under the Royal Dutch Shell employee share plans, and a
member of the board of the Female Cancer Foundation.
As announced by the Company on 6
February 2024, Geeta Gopalan will step down from the Board on 30
June 2024.
David Bennett, Board Chair, said: "I
am delighted to welcome Petra van Hoeken to the Board. Petra's
extensive banking and financial services industry and risk
experience gained across multiple geographies will be highly valued
by the Virgin Money Board."
Petra van Hoeken said: "I am very
pleased to be joining the Virgin Money Board and look forward to
taking on leadership of the Risk Committee as the Company
progresses into the next phase of its strategic
journey."
Petra will also become a member of
the Audit Committee, the Governance and Nomination Committee and of
the Remuneration Committee and will join the Board of Clydesdale
Bank PLC all effective from 1 July 2024.
Other than the directorships
disclosed above and in the biographical information section below,
there are no matters requiring disclosure under Listing Rule
9.6.13R.
Biographical information
Petra has extensive experience in
the financial services industry both in executive and non-executive
roles at Dutch and international banks.
She started her career in banking at
ABN AMRO in 1986, in client relationship and product areas and
moved into risk management at senior level. She lived and worked
abroad for 14 years, in Madrid, Singapore, Frankfurt and New York,
and returned to The Netherlands late 2006. There she served as
global Head Sustainability for ABN AMRO in 2006-2007 and served as
vice chair of the ABN AMRO Foundation and as member of the UN
Advisory Council on Inclusive Financial Sectors. As the Royal
Bank of Scotland acquired ABN AMRO in late 2007 (in a combined bid
with Banco Santander and Fortis), Petra was appointed Chief Risk
Officer (CRO) for RBS Europe, Middle East & Africa
(EMEA).
Her most recent senior executive
roles were CRO (covering risk management, compliance and legal) at
the Management Board of NIBC (2011-2016), and Rabobank Group
(2016-2019), followed by a year as CRO at the (then listed)
Intertrust Group.
For well over 10 years Petra has had
various non-executive board roles, including at the Nederlandse
Waterschapsbank from 2015-2023 (including chair of the Risk
Committee and member of the Audit Committee), within the Rabogroup
at De Lage Landen Int BV from 2018-2019 DLL and at Utrecht America
Holdings Inc from 2016-2019. At NIBC she served in the supervisory
boards of NIBC Deutschland AG and NIBC Singapore Pte Ltd
(2012-2016). During her time at RBS Petra held several intra group
non-executive roles, including for RBS Moscow and RBS Middle
East.
Petra is currently a member of the
Supervisory Board, chair of the Risk and Compliance Committee and
member of the Audit Committee at de Volksbank; non-executive board
member, chair of the Risk and Compliance Committee and member of
the Audit Committee at Nordea Bank; and non-executive board member,
vice-chair of the Audit Committee and member of the Investment
Committee and Impact Committee at Oranje Fonds.
Petra is also an advisor to the
Dutch Ministry of Economic Affairs & Climate as chair of the
Advisory Committee for Credit; a member of the Donations Review
Committee of the Leiden University; a member of the board of the
Foundation for the holding and administration of shares under the
Royal Dutch Shell employee share plans, and a member of the board
of the Female Cancer Foundation.
Announcement authorised for release
by Lorna McMillan, Group Company Secretary.
For further information, please
contact:
Investors and
Analysts
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Richard Smith
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07483
399303
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Head of Investor Relations &
Sustainability
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richard.smith@virginmoney.com
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Company
Secretary
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Lorna McMillan
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07834 585436
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Group Company Secretary
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lorna.mcmillan@virginmoney.com
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Media
Relations
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Press Office
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0800 066 5998
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press.office@virginmoney.com
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