Santander UK's work-from-home boss quits to pursue ‘other interests' [Yahoo! Finance]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: Yahoo! Finance
A bank boss who boasted about working from home several days a week has announced plans to step down to pursue “other interests”. Mike Regnier, the £3.3m-a-year chief executive of Santander UK, will leave the lender before the end of March next year. The Spanish bank is now seeking an urgent replacement to oversee the integration of its high street rival TSB, which it bought for £2.6bn this summer Mr Regnier admitted on Friday that he did not want to stay to oversee the merger. Instead he said he would pursue “other interests”, without specifying his plans. “It had been my intention to move on after four to five years with Santander as I have other interests I would like to pursue,” the 54-year-old said. “Given that the integration of TSB will take considerably longer than this, I have suggested to the board that now would be a good time to find a successor who can see this critical project through to its completion and beyond.” The TSB acquisition is expected to see the
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