The Board of Bradford & Bingley plc is pleased to announce that Roderick Kent (aged 55) will become a non-executive director of the company from 24th September. Mr Kent will assume the role of Chairman in November 2002, on the retirement of Lindsay Mackinlay. Mr Mackinlay joined the Board of Bradford & Bingley Building Society in 1990 and became Chairman in 1995.
Mr Kent joins Bradford & Bingley having enjoyed a distinguished career in the financial services sector. He is currently MD of Close Brothers Group plc where he led an MBO in 1978 and took the company public in 1984. Mr Kent will be retiring after 28 years as MD from Close Brothers in October, but will remain a non-executive director.
Mr Kent has served as a non-executive director and trustee within a number of varied organisations within the financial services arena, including Chairmanship of M&G Group Plc and Grosvenor Limited.
Lindsay Mackinlay, Chairman, said:
“We are delighted that Rod Kent is joining the board. He has a wealth of experience in various financial markets. We believe he will make an invaluable contribution to the continued development and growth of the Group as we build on the successful start we have made as a plc.”
For further information please contact:
Ian Darby
Group Commercial Director
Tel: 020 7550 6751
Roderick Kent Biographical Information:
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| 1969 - 1971 |
Schroders Investment Management Division |
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| 1971 |
Paris (Banque Blyth & Co) and Frankfurt |
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| 1972 |
INSEAD MBA |
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| 1972 - 1974 |
Triumph Investment Trust |
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| 1974 |
Joined Close Brothers to head up Corporate Finance, became
Managing Director 6 months thereafter |
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| 1978/9 |
Led MBO of Close Brothers |
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| 1984 |
Took Close Brothers public |
Other current directorships/trusteeship
| 2000 - present |
Chairman of Grosvenor Ltd (which manages all the Duke of Westminster's property interests in Great Britain and Ireland) |
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| 2000 - present |
Non-executive director of Grosvenor Group Holdings Ltd (the holding company of Grosvenor's worldwide property interests) |
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| 2001 - present |
Trustee of the Esmée Fairbairn Foundation |
Other past directorships
| 1988 - 1998 |
Non-executive director of Wessex Water plc (starting with its privatisation and ending with its sale to Enron) |
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| 1988 - 1998 |
Director of English & Scottish Investors plc, a global investment trust managed by Gartmore |
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| 1995 - 1999 |
Non-executive director, then Chairman (from 1998) of M&G Group plc, culminating in its sale to Prudential |