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Harley quits as Abbey chief executive

Abbey National chief executive Ian Harley has quit his role with immediate effect.

The troubled group&#39s chairman Lord Burns will fill the position until a successor is appointed.

Lord Burns says: “Ian has made a tremendous contribution to Abbey National&#39s success during his 25 years with the business. Recently he has led the company at a time of unprecedented difficulties and initiated significant management and organisational changes to address these issues.”

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