Bradford & Bingley group chief executive Christopher Rodrigues has resigned to take up a position as president and chief executive of Visa International in San Fransisco.
He will be replaced by Stephen Crawshaw, currently in charge of the group's core lending and savings business.
Crawshaw says: “I am clear about our priorities in both the short and medium term and I am confident in our strategy. My immediate emphasis is to continue to achieve our growth objectives whilst improving our operational efficiency.”
Bradford and Bingley chairman Rod Kent says: “On behalf of the Board, I would like to thank Christopher for his strong leadership of Bradford & Bingley over the last eight years which included the flotation process. I wish Christopher every success in his new job.
“Steven is a first class operator and is the natural successor to Christopher. He knows the Company and its businesses very well. He is already responsible for running the lending business which increased gross new lending by 70 per cent last year and contributed over 80 per cent of Group profits in 2003.”