Santander UK announces today that Baroness Vadera will succeed Lord Burns as Non-Executive Chairman on 30 March 2015. She will join the Board as Joint Deputy Chairman on 1st January 2015.
This follows the Board statement of 30 April 2014 which announced its intention to have a new Chairman in place by the end of 2014.
Santander Group Executive Chairman, Ana Botín said; "We're proud and excited to welcome Shriti Vadera to Santander. Her deep expertise in UK and global economies as well as her banking experience add to her credentials as a strong, independent Non-Executive Chairman. I know she is committed to building on our record as a scale challenger in British banking, and to our work to help people and businesses prosper.
"On behalf of the Board of Santander, I want to thank Lord Burns for his years of loyal service, from which our people, customers and shareholders benefited so much. He has been a fundamental part of the growth and transformation of Santander in the UK. It has been a privilege and a pleasure to work with him and I personally consider myself very lucky to have enjoyed his friendship as well as his wise counsel for the past four years."
Shriti Vadera said; "I am passionate about supporting small businesses and households. This goes to the heart of growth, productivity and jobs in the UK. Santander have put Simple Personal Fair at the heart of their strategy. Ana, and now Nathan Bostock, have the drive and vision to achieve it and I think Santander can make a real difference to the market. It uniquely combines a culture and ambition to do so in agile and innovative ways. I want to be a part of that change."
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