After 6 years as Chair of the TSB Board (and 13 years on the Board), John Kelly has announced his retirement and will step down from the role in June 2022.
Mr Kelly says being at the governance helm of TSB has been a privilege, and he is particularly proud of the bank’s transformation in recent years.
“The banking industry has been through a significant amount of change in the last five to ten years – as has technology and customer expectations,” says Mr Kelly.
“TSB has had some extensive work programmes underway in recent years to ensure the necessary uplift when it comes to compliance, as well as transform our internal systems and technologies to support our customers into this new age.
“COVID has added a new level of complexity and opportunity for TSB and I’m extremely proud of how TSB and its team have responded to this – all with a laser focus on delivering outstanding customer outcomes.”
As part of the succession planning around Mr Kelly’s retirement, TSB is pleased to announce the appointment of Mark Darrow, who will join its Board as a Non Executive Director and Chair Elect in February 2022.
After a successful 25-year Executive career, Mr Darrow has spent the last 15 years in governance roles as an Independent Director and chair across a number of sectors, including financial services, FMCG, manufacturing, automotive and transport, primary sector, health, education, and investment. His current roles include Inland Revenue, Auckland Transport, Armstrong’s, Leighs Construction and Invivo & Co.
As part of taking over as Chair, Mr Darrow has resigned from other board appointments to ensure he has the time to commit to TSB.
Mr Kelly says the appointment of Mr Darrow is an important and timely addition to the Board.
“His governance experience will add immense value to the Board’s existing set of expertise and capabilities, and to help support the executive team to steer TSB into the future.”
Mr Darrow’s appointment follows the addition of Kevin McDonald and Michael Schubert, who joined the Board in January and August respectively.
“We are pleased to be bringing in new Directors with some great experience to the TSB Board,” says Mr Kelly.
“These appointments are part of our ongoing commitment to ensure we have a strong Board to support the growth and development of the business.
“This is particularly important as we continue to navigate our changing operating environment, leverage our existing strengths for ongoing growth and continue to deliver unparalleled customer care.”
For more information contact:
TSB Media & Communications Manager
|027 285 4479 / email@example.com|