Glyn Jones signals exit from Aldermore

Aldermore Group announced on Tuesday that on 7 November, Glyn Jones tendered his resignation as non-executive chairman and director of the company, with effect from 6 February 2017.

The FTSE 250 firm said Jones has decided to step down from the board following a review of his time commitments after his appointment as non-executive chairman of Old Mutual Wealth.

He joined the company in March 2014 and led it through the process which culminated in its successful IPO and listing on the London Stock Exchange in March 2015 and its subsequent admission to the FTSE 250.

As part of that process, he has overseen the building of a “strong and experienced” board, Aldermore’s statement read..

To ensure an orderly transition, the corporate governance and nomination committee has already appointed a search agency to manage the process of finding a new chairman.

Additionally, in the event that the search for a permanent successor has not finished by the effective date of Jones's resignation, senior independent director Danuta Gray will lead the board as interim chair until a permanent appointment is made.

“I would like to thank Glyn for the outstanding leadership that he has brought to the board during a pivotal time in Aldermore's history,” said CEO Phillip Monks.

“His guidance, knowledge and experience have been invaluable in delivering our growth strategy and in our ongoing pledge to deliver banking as it should be.

“Glyn will be very much missed and the Board would like to wish him well for the future.”

Glyn Jones said he has been delighted to work with the board and management team over the last few years.

“The company has grown and strengthened significantly during this time, delighting its customers and achieving strong, profitable and sustainable growth.

“I wish the Aldermore team every success in the further development of the business.”