Chairman and non-executive director to leave challenger bank OneSavings

 
William Turvill
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OneSavings Bank floated on the London Stock Exchange in 2014

The chairman and a non-executive director of OneSavings Bank have resigned, the lender announced today.

Chairman Mike Fairey will step down from his position at the 2017 annual general meeting, while non-exec Dr David Morgan will leave at the end of the year.

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Fairey joined OneSavings in April 2014 and led the company through its initial public offering (IPO) later that year.

The company said it would be conducting a “comprehensive internal and external search” for a new non-executive chairman.

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Fairey said: “I have thoroughly enjoyed being part of the OSB journey and working with a high quality board and management team, to whom I offer my very best wishes for the future.”

Morgan had been in his position at OneSavings since its 2011 inception.

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