19 October 2021

Legal Entity Identifier: 213800X5WU57YL9GPK89

Metro Bank plc

Metro Bank - Board Update

Metro Bank ("the Bank") announces that Sir Michael Snyder will step down as Senior Independent Director and Non-Executive Director of Metro Bank plc, effective as of 31 October 2021, following six years of service. Sir Michael has been a Non-Executive Director at Metro Bank since 2015 and served as interim Chairman between October 2019 and November 2020.  During his tenure as interim Chairman the Bank appointed a new permanent CEO, strengthened the Board, improved gender diversity, announced a new strategy, and instigated the response to COVID-19.  The Board thanks Sir Michael for his commitment and significant contribution during his tenure.  

As a result of his departure, Monique Melis will become the Bank's Senior Independent Director, effective 31 October 2021, subject to regulatory approval. Following her appointment as Senior Independent Director, Monique will be replaced by the Board Chairman, Robert Sharpe, as Chair of the Nomination Committee, subject to regulatory approval. Monique has been a member of the Board since July 2017 and served as interim Senior Independent Director while Sir Michael served as interim Chairman. 

Following the departure of Sir Michael Snyder, the Board will comprise nine Non-Executive Directors, all of whom are independent, and two Executive Directors.

Enquiries

Metro Bank PLC Investor Relations

Jo Roberts

+44 (0) 20 3402 8900

IR@metrobank.plc.uk

Metro Bank PLC Media Relations

Tina Coates / Mona Patel

+44 (0) 7811 246016 / +44 (0) 7815 506845

pressoffice@metrobank.plc.uk

Teneo

Charles Armitstead / Haya Herbert Burns

+44 (0)7703 330269 / +44 (0) 7342 031051

Metrobank@teneo.com 

ENDS

About Metro Bank

Metro Bank services more than two million customer accounts and is celebrated for its exceptional customer experience. It is the highest rated high street bank for overall service quality and best bank for service in-store for personal and business customers, in the Competition and Market Authority's Service Quality Survey in August 2021. It was recognised as 'Bank of the Year' at the 2020 MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet Personal Finance Awards 2021, received Gold Award in the Armed Forces Covenant's Employer Recognition Scheme 2021 and won Best Open Banking Partnership - Commercial at the inaugural Open Banking Expo Awards 2021.

The community bank offers retail, business, commercial and private banking services, and prides itself on giving customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities it serves. Whether that's through its network of 78 stores open seven days a week, 362 days a year; on the phone through its UK-based 24/7 contact centres; or online through its internet banking or award-winning mobile app: the bank offers customers real choice.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trademark of Metro Bank PLC.

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk. All Metro Bank products are subject to status and approval.

Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.