METRO BANK PLC

Board/Management Information • Jul 24, 2019

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RNS Number : 5828G

Metro Bank PLC

24 July 2019

24 July 2019

Legal Entity Identifier: 213800X5WU57YL9GPK89

METRO BANK PLC APPOINTS A NEW NON-EXECUTIVE DIRECTOR

Metro Bank plc today announces the appointment of Michael Torpey as a new Independent Non-Executive Director.

Michael retired from the position of Chief Executive of the Corporate & Treasury division and Member of the Group Executive Committee at Bank of Ireland in August 2018.  He has extensive experience in senior roles across financial services. His past appointments include: Head of Banking at the National Treasury Management Agency in Ireland; Group Treasurer at Irish Life and Permanent plc; Senior Treasury Adviser at Irish Financial Regulator; Finance Director at Ulster Bank Group; and Finance Director at First Active plc.

Michael will join the Board with effect from 1 September 2019. His appointment brings the number of directors on the Board to 12, including six independent directors.

Commenting on the appointment, Vernon Hill, Metro Bank Chairman and Founder says: "Joining the revolution in British banking, Michael brings deep banking expertise that will be invaluable for Metro Bank during our year of transition and beyond, as we deliver on our evolved strategy. His insight, knowledge and skills will complement the wealth of experience on the Board. He is a great addition to the Metro Bank family and I look forward to working with him."

Michael Torpey added: "Over the past nine years, Metro Bank has proven itself to be an ambitious business and a genuine challenger. The model has really resonated with customers, and I'm thrilled to be joining the Board as we focus on delivering the strategic initiatives to deliver long-term sustainable growth and profitability."

The Board continues its proactive search for additional independent NED candidates and Metro Bank expects to make further appointments this year.

ENDS

Enquiries

For further information on this announcement, please contact:

Metro Bank PLC

Investor Relations

Jo Roberts                                                                           +44 (0) 20 3402 8900

Media Relations

Tina Coates / Charlotte Sjoberg                                       +44 (0)7811 246 016 / +44 (0)7970 633255 

Teneo

Charlie Armitstead                                                              +44 (0) 20 7260 270

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