Strategy & Operations » Leadership & Management » Rochford steps down as CFO at Virgin Money

VIRGIN MONEY CFO Lee Rochford is to leave the finance company.

Rochford, who joined Virgin Money less than two years ago in October 2013, will step aside with immediate effect, but will see out his notice period.

Virgin Money strategy director, Dave Dyer – himself an ex-CFO of Virgin Money – will become interim CFO while a search for Rochford’s replacement concludes.

Glen Moreno, chairman of Virgin Money, said: “I would like to thank Lee for his contribution, both to the board and as chief financial officer, and wish him well for the future. We are well placed to find a talented successor to take the business forward.”

Jayne-Anne Gadhia, chief executive, added: “I have known Lee for many years, and together we achieved the successful listing of Virgin Money on the London Stock Exchange. Lee made an invaluable contribution to our IPO and to our first year as a listed business.”

Prior to signing up with Virgin Money, Oxford graduate Rochford headed up the Financial Institution Group, EMEA, at RBS.

Rochford said: “I am proud of what we have delivered together at Virgin Money in the past two years, and I have achieved what I set out to do when I joined the business. I am ready now for a new challenge outside of Virgin Money and I wish Jayne-Anne and all of the team every success for the future.”