David Sproul, chair of Starling Group since October 2021, is to step down in 2026 once a successor has been appointed, the UK digital bank announced on Tuesday.
FIVE YEARS OF TRANSFORMATION
Sproul became Starling's chair in October 2021. Chief executive Raman Bhatia credited him with helping to grow and diversify the business, develop its governance infrastructure and enhance its culture.
Before joining Starling, Sproul spent almost two decades in senior roles at Deloitte, including senior partner and chief executive of its UK business and deputy global chief executive.
Sproul said in a statement: "This feels like the right time for a new chair to work with the refreshed board I have created over the last year to guide Starling into its next phase of growth and development."
SUCCESSOR SEARCH UNDER WAY
The process to identify Sproul's replacement is being led by Tracy Clarke, the senior independent director and chair of the board remuneration committee. Sproul will remain chair until his successor is appointed.
Group chief executive Raman Bhatia praised Sproul's contribution, noting that the outgoing chairman had been "steadfast in his mission to see the group deliver safe, sustainable growth."