Lee Rochford has resigned from his role as chief financial officer of Virgin Money, the company announced today.
Read more: Virgin Money IPO: Jayne-Anne Gadhia to get £1m bonus, but misses a bigger payout on low valuation
His permanent replacement has not yet been decided, but Dave Dyer, currently strategy director of the firm, will take over on an interim basis.
Rochford, who joined Virgin Money in 2013 and led it through its flotation last November, said he was “proud” of what had been achieved over the last two years.
“I have achieved what I set out to do when I joined the business,” he said. “I am ready now for a new challenge outside of Virgin Money and I wish Jayne-Anne [Gadhia, the company's chief executive] and all of the team every success for the future.”
Although he is standing down with immediate effect, he will serve his notice period at the company, which lasts until 31 August 2016.
Before taking on the role at the Newcastle-headquartered firm, Rochford had worked in the financial services industry for almost 20 years.
Chief executive Gadhia commented:
I have known Lee for many years, and together we achieved the successful listing of Virgin Money on the London Stock Exchange.Lee made an invaluable contribution to our IPO and to our first year as a listed business.