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Adam Applegarth Walks From Northern Rock

by | 13th, December 2007

ON the Forums: “THIS one should get one Bob Green fizzing – Adam Applegarth, Chief Executive of Northern Rock today has finally stepped out of his office and away from the helm of the crisis-hit bank with immediate effect after 24 years with the business.”

Mr Applegarth, who had intended to hang on until next February, said: “It is time to hand over to management who I’m confident will be part of the company’s future. I wish them and the board every success.”

The Newcastle-based lender is being propped up by an estimated £30 billion in taxpayers’ money. Northern Rock was forced to seek an emergency bailout from the Bank of England after being… more

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Posted: 13th, December 2007 | In: Reviews Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink