Restored archive. The original History Commons is no longer online; this is a read-only edition of its timelines. Content is licensed CC BY-NC-SA.

November 16, 2007: Troubled British Lender Announces Resignation of Chief Executive

2007-11-16

Troubled British mortgage giant Northern Rock announces that its chief executive, Adam Applegarth, has resigned. It originally says he will step down from his post after completing a review of the bank’s operations no later than the end of January 2008. However, he will actually leave early, in the middle of December. [Daily Telegraph, 2/26/2008; BBC, 8/5/2008]