Secure Trust bank CFO Rachel Lawrence to retire next year

(Sharecast News) - Secure Trust Bank said on Tuesday that chief financial officer Rachel Lawrence plans to retire in the first half of 2027 after six years with the specialist lender. After a career spanning over 35 years, Lawrence has decided that then will be the right time for her to retire, Secure Trust said.

The process to identify a successor has begun and Lawrence's retirement date "should allow for a seamless handover in due course," the company said.

Chair Jim Brown said: "Although Rachel will not be leaving STB for some time, I would like to take this opportunity to thank her for the substantial contribution she has made to the group since her appointment in September 2020. Rachel has helped drive significant strategic progress across the business, including its simplification, and has maintained a disciplined approach to capital management.

"Together, these have positioned STB well for continued growth and improved shareholder returns. She is a valued colleague who has built a strong finance team and will leave with our sincere thanks and best wishes for her retirement."

At 1020 BST, the shares were down 0.6% at 1,276.10p.

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