Metro Bank's chairman, Vernon Hill, has resigned with immediate effect after a troubled 12 months for the bank that involved a sharp drop in its share price following the discovery of a major accountancy error the end of year. Senior independent director of the company Michael Synder has been appointed interim chairman, while Hill will remain a non-executive director until early this year – the point in time when he had initially planned to step down.
Metro Bank's chairman, Vernon Hill, has resigned with immediate effect after a troubled 12 months for the bank that involved a sharp drop in its share price following the discovery of a major accountancy error early this year. Senior independent director of the company Michael Synder has been appointed interim chairman, while Hill will remain a non-executive director until the end of year – the point in time when he had initially planned to step down.