Female duo takes control at Virgin Money
Virgin Money is set to gain a female duo at the top after yesterday confirming the appointment of former HSBC executive Irene Dorner as its new chair.
The challenger bank had revealed in October that it was in talks to hire Dorner, who will join chief executive Jayne-Anne Gadhia on the board.
Dorner will join the board of directors as chair-elect and become a member of the nomination committee on 1 March.
She will become chair of the board and chair of the nomination committee on 1 April following Glen Moreno’s retirement as a director and chairman a day earlier.
Last July, the bank announced that Moreno intended to step down in 2018 and return home to the United States.
Gadhia said yesterday: “I am delighted that Irene will be joining Virgin Money as chair, bringing the board and executive management team a wealth of retail banking experience.
“I would like to thank Glen Moreno for his invaluable contribution to the board. We will miss him and we wish him well in the future.”
Gadhia has been a high profile campaigner for greater representation of women in senior roles in the financial services sector.
Norman Mcluskie, senior independent director of Virgin Money, said: “Irene had a long and successful career at HSBC, including running its operations in Malaysia, and culminated in becoming president and CEO of HSBC in the United States. We look forward to benefiting from her vast experience.”