Co-op Bank appoints new non exec director and audit committee chair

THE Manchester-based Co-operative Bank has appointed Glyn Smith as a non executive director and chair of its audit committee.

Smith has been a non-executive director of the Coventry Building Society for six years and has more than 35 years of experience in the financial services sector, including as a senior executive at Barclays and as group finance director at the Portman Building Society.

Since 2003 he has held numerous non-executive directorships across both the private and public sectors. Smith is a chartered accountant and a former member of the examinations team for the Institute of Chartered Accountants in England and Wales.



His appointment follows an extensive search and is a planned succession from the current chair of the audit committee Richard Coates.

Smith will join the Board on October 10. He will take over the chair of the audit committee when Coates steps down from the board on October 26, and will also be a member of the bank’s risk committee.



Dennis Holt, chairman of The Co-operative Bank, said: “Glyn Smith has significant relevant experience in the role of Chair of Audit, and broad experience of the financial services sector more generally, including businesses that are successfully delivering change programmes.”