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Rochford leaves lender

Virgin Money CFO to pursue other interests

Lee RochfordLee Rochford is stepping down as chief financial officer at Virgin Money just a year after helping to lead the company to a flotation on the London Stock Exchange.

He will be replaced on an interim basis by strategy director and former CFO David Dyer until a permanent successor is found.

Mr Rochford joined the Edinburgh and Newcastle based company to lead it through its delayed IPO last November 2014. It was postponed for a few weeks because of market turbulence.

In a statement this morning, Virgin Money said: “Lee and the company have agreed that now is the right time to develop his career outside Virgin Money.”

Mr Dyer will be supported by Mr Rochford who remains available to the company until the end of his notice period.

Glen Moreno, chairman, said: “I would like to thank Lee for his contribution, both to the board and as chief financial officer, and wish him well for the future. We are well-placed to find a talented successor to take the business forward.”

Chief executive, Jayne-Anne Gadhia said: 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.”

Lee Rochford said: “I am proud of what we have delivered together at Virgin Money in the past two years, and I have achieved what I set out to do when I joined the business.  I am ready now for a new challenge outside of Virgin Money and I wish Jayne-Anne and all of the team every success for the future.”


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