Tesco Bank appoints Gerry Mallon as Chief Executive

Tesco Bank is delighted to announce the appointment of Gerry Mallon as its new Chief Executive. Gerry, who will be a member of the Tesco Group Executive, will begin his role towards the end of July 2018.

Gerry will join from Ulster Bank, where he is currently Chief Executive. Prior to Ulster Bank, he was Chief Executive Officer of Danske Bank UK from 2008 to 2016.

Gerry has also held senior positions at Bank of Ireland, McKinsey and Co, the Industrial Development Board for Northern Ireland, and the Northern Ireland Civil Service.

Dave Lewis, Chief Executive of Tesco Group PLC, said:

“I am delighted that Gerry is joining Tesco to lead Tesco Bank and sit on the Group Executive. He joins Tesco Bank at a time of increasing digital change in financial services, which offers Tesco a brilliant opportunity to further develop and grow the helpful services we provide our customers through banking and insurance.”

Gerry Mallon said:

“I am thrilled to be joining Tesco Bank as Chief Executive. Tesco Bank has a unique opportunity to provide for millions of Tesco customers, and I am ready to meet the challenge of being the Bank for people who shop at Tesco. Equally, I am excited to embrace the culture of Tesco, which differentiates the Bank as it relentlessly puts customers first.”

ENDS

For more information and media enquiries please contact:

Tesco Bank Press Office
+44 (0) 131 274 3630 / +44 (0) 7595 441 036

About Tesco Bank

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco.

Tesco Bank has been around since 1997 and today we help more than 5 million customers every day with a broad range of services from insuring their pets to buying their first home. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. 173199. Registered Address: EHQ, 2 South Gyle Crescent, Edinburgh, EH12 9FQ. www.tescobank.com

Ends

For more information please contact the Tesco Press Office on 01707 918 701
We are a team of over 440,000 colleagues dedicated to serving customers a little better every day.

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