LONDON (Alliance News) - CYBG PLC on Monday said Chief Operating Officer Debbie Crosbie has decided to step down from the board to take on an "external opportunity".
Separately, TSB Bank PLC said it has appointed Crosbie as chief executive officer.
She will join TSB as CEO in 2019, with a specific date yet to be confirmed. Crosbie will replace Paul Pester who resigned in September after the bank's well-publicised IT meltdown.
Crosbie will step down as an executive director of CYBG with immediate effect but she will remain in her role of COO for a period of time to facilitate an orderly handover. A leaving date is still to be agreed, the FTSE 250-listed firm said.
She also will step down as executive director of CYBG businesses Clydesdale Bank PLC and Virgin Money PLC.
Fraser Ingram, currently innovation & change director of CYBG, will be appointed to the role of COO in an interim capacity. CYBG will start a process to appoint a permanent successor to Crosbie.
CYBG shares were trading flat at 254.60 pence each on Monday.
CYBG (CYBG)