Steve Pateman

Shawbrook chief executive to step down



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The board of Shawbrook has announced that Steve Pateman (pictured above) will be standing down from his position as chief executive in the coming months.

Steve will stand down once his successor has been appointed to ensure that a smooth transition of responsibilities takes place.

“It has been a privilege to lead Shawbrook through some challenging times and the progress we have made in financial metrics and organisational structure will lay the foundations for future growth and opportunity,” said Steve.

“It has been a great experience and one that I am sure will serve me well in the future.”

John Callender, chairman at Shawbrook, said that the board thanked Steve for his contribution since becoming chief executive in January 2016.

“The bank has made significant progress under his leadership and now has the right foundations to move forward into the next phase of its evolution.

“Given the change in ownership last year, Steve and the board felt it important that the bank's leadership shared the time horizons of the investment case and will now work together to secure a successor who can lead the bank through that phase.”

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