Virgin Money Appoints Pearson's Glen Moreno Chairman-Designate
December 24 2014 - 06:23AM
Dow Jones News
By Razak Musah Baba
LONDON--Newly listed bank Virgin Money Holdings (UK) PLC (VM.LN)
has appointed Glen Moreno non-executive director and
chairman-designate, to succeed David Clementi who intends to retire
following the company's annual general meeting in mid-2015.
The lender, part-owned by entrepreneur Richard Branson's Virgin
Group, said Mr. Moreno who is currently chairman of U.K.-based
publisher and education specialist Pearson PLC (PSON.LN), will join
the Virgin Money board on Jan. 1, following receipt of regulatory
approval.
Virgin Money shares at 1040 GMT were up 0.2%, at 289 pence,
valuing the company at GBP1.27 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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