Tesco Bank Appoints L&G Chairman John Kingman as Nonexecutive Director
07 October 2019 - 10:22PM
Dow Jones News
By Sabela Ojea
Tesco PLC's (TSCO.LN) financial-services arm, Tesco Bank, said
Monday that it has appointed Legal & General Group PLC
(LGEN.LN) Chairman John Kingman to its board as nonexecutive
director, effective Nov. 1.
Mr. Kingman was closely involved in the U.K. government's
response to the financial crisis as second permanent secretary to
the U.K.'s Treasury, Tesco Bank said.
Mr. Kingman is also known for leading an independent review of
the U.K.'s Financial Reporting Council in 2018, for which he
recommended to replace it with a new Audit, Reporting and
Governance Authority.
Sky News over the weekend reported that Tesco Bank would name
Mr. Kingman as its next chairman, replacing Graham Pimlott.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
October 07, 2019 07:07 ET (11:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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