• Monday, August 15, 2022

Business

TSB Bank CEO Paul Pester to step down over IT issues

The logo of TSB (The Trustee Savings Bank) is pictured as it re-opens on September 9, 2013 in London, England (Photo by Peter Macdiarmid/Getty Images).

By: Radhakrishna N S

The chief executive officer of Britain’s technical crisis-hit TSB Bank, Paul Pester is stepping down from his position and leaving the lender after seven years as CEO, said TSB Bank on Tuesday (04). Richard Meddings, current TSB bank’s non-executive chairman, will take on the role of Executive Chairman with immediate effect while the bank is on its hunt to find a new CEO. Paul Pester was criticised for his works undertaken to handle the integration of new IT system in April, this year which caused to one of the Britain’s worst breakdowns and widespread disruption up to 1.9 million digital customers…

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