The Co-operative Bank appoints new chief executive
The Co-Operative Bank has appointed Nick Slape as its new chief executive.
Due to take up his role on 31 October, he is being promoted from the position of chief financial officer subject to regulatory approval. He will be replacing Andrew Bester who has decided to step down following the delivery of key elements of the bank’s transformation plan.
Slape joined the bank in 2018 and was appointed to the board of directors in 2019. Prior to that, he spent five years as chief financial officer of the commercial division at Lloyds Banking Group and has also held senior positions at a number of global investment banks including Deutsche Bank and Merrill Lynch.
Bob Dench, chairman of The Co-Operative Bank, said: “I am delighted to be appointing Nick as CEO. He has played a leading role in shaping and delivering key elements of the turnaround plan and as a result of robust succession planning, he is the natural choice to lead the bank as we move towards achieving sustainable profitability. I look forward to working with him in his new role as CEO as he leads the continuation of our strategy.”
