Banking group confirms its CEO will step down

Bradford-headquartered Vanquis Banking Group plc has today said that Ian McLaughlin intends to step down as chief executive officer for personal reasons by no later than the end of the year.

John Natalizia, currently deputy CEO and CEO of Snoop, will be appointed interim CEO when McLaughlin steps down, subject to regulatory approval.

Over the next few months, Natalizia will attend Board meetings and McLaughlin will work with him to ensure an orderly transition.

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