27 April 2020

TSB appoints Lynne Peacock as Independent Non-Executive Director

TSB today announced the appointment of Lynne Peacock to the TSB Board as an Independent Non-Executive Director. Lynne will also chair the Remuneration Committee of the Board.

Lynne has over twenty years of Board level experience as an Executive and Non-Executive Director. Her executive roles have included Chief Executive of National Australia Bank’s UK businesses and, before that, Chief Executive of Woolwich plc. Her recent non-executive roles have included Nationwide Building Society where she chaired the Remuneration Committee and became Senior Non-Executive Director, Standard Life Aberdeen plc and Jardine Lloyd Thompson plc.

TSB’s Chairman, Richard Meddings said: “I am delighted that Lynne is joining the TSB Board. She has a wealth of relevant experience, gained over many years operating at Board level in banking and financial services more broadly. Adding her insights and knowledge, and particularly in current circumstances, provides additional strength to the TSB Board.”

Lynne Peacock said: “This is an important time for TSB and the wider financial sector. I am looking forward to helping TSB respond to the current issues and supporting the bank’s customers now and in the future.”

Biography of Lynne Peacock

Lynne Peacock has held Board level appointments for over twenty years.

Lynne is currently a Non-Executive Director of Serco plc (starting in 2017) and Royal Mail plc (starting in 2019). She has previously been a Non-Executive Director of Nationwide Building Society, Jardine Lloyd Thompson plc, Standard Life Aberdeen plc and Scottish Water.

Lynne was Chief Executive UK of National Australia Bank (NAB) from 2004 to 2011. She was responsible for around 8,500 people in NAB’s businesses in the UK. During that time, she integrated Clydesdale and Yorkshire banks into one entity and kept the business profitable during the financial crisis.

Before NAB, Lynne spent twenty years working at Woolwich plc. She started in 1983 and worked in a variety of senior marketing roles within the Woolwich, including Head of Marketing, Marketing Manager and Market Development Manager. She became Group Operations Director in 1996 with accountability for all of the UK businesses. She became Chief Executive of Woolwich plc on completion of the take-over by the Barclays Group in October 2000.

Prior to joining the Woolwich, Lynne held marketing roles with Tate and Lyle, and Unilever.

Lynne is also Chair of the Board of Trustees of The Westminster Society for People with Learning Disabilities.

Lynne holds a Bachelor of Arts degree in Business Studies.

Media Contacts

For further information, please contact:

Supreet Thomas, Head of Communications

07519 502 123 | supreet.thomas@tsb.co.uk

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