Co-op Bank deputy CEO Bulmer to step down
LONDON, Sept 20
LONDON, Sept 20 (Reuters) - Co-operative Bank, the troubled British customer-owned lender, said on Friday that its deputy Chief Executive Rod Bulmer would step down next year.
Co-op, which is negotiating with bondholders over plans to plug a 1.5 billion pound ($2.4 billion) capital shortfall, said Bulmer would continue to play a crucial role in that process and in the running of the business.
Bulmer has been with the Co-op for six years and held several senior executive roles including a spell as acting chief executive of the bank earlier this year. He was previously head of UK retail distribution for Santander.
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