Thomson Reuters
- Paul Pester, the Chief Executive of TSB has stepped down on Tuesday following an IT meltdown in April that affected millions of customers and is still causing problems.
- Richard Meddings, a former chair at the bank, will take Pester's place in the interim as they do a "full public search" for a new chief executive.
- The news comes after British MP’s put pressure on Pester to resign in June, saying that he should give "serious consideration as to whether his position was sustainable."
The chief executive of TSB, Paul Pester, has stepped down following a disastrous IT upgrade and meltdown in April, which affected millions of customers and is still causing disruption five months on.
Pester, who has headed the bank for seven years, will hand the reins to non-executive director Richard Meddings with immediate effect. Meddings will run the bank temporarily as it does a "full public search" for a new chief executive.
See the rest of the story at Business Insider
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