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Northern Rock announces directorate change

Northern Rock, a specialized lender, has announced that Laurie Adams has joined the board as a non-executive director, effective upon him obtaining approval from the Financial Services Authority under its approved persons regime.

Mr Adams is a director and major shareholder of Siblu Holdings, a holiday parc operator. He was formerly a managing director and global head of Legal & Compliance for the investment banking wholesale division of ABN Amro Bank.

Bryan Sanderson, chairman of Northern Rock, said: I am delighted to welcome Laurie Adams to the Board. I believe Laurie has the right experience to help Northern Rock through its ongoing strategic review.