October 3 -Santander UK said on Friday its CEO Mike Regnier will step down in the first quarter of 2026, as the British arm of Spain’s Banco Santander prepares to merge with TSB.
Banco Santander announced in July it would acquire Banco de Sabadell’s British subsidiary TSB for 2.65 billion pounds ($3.56 billion) and integrate it with Santander UK.
“It had been my intention to move on after 4-5 years with Santander as I have other interests I would like to pursue,” said Regnier, who has led the group since 2022.
“Given that the integration of TSB will take considerably longer than this, I have suggested to the board that now would be a good time to find a successor who can see this critical project through its completion and beyond.”
The company said it was searching for Regnier’s successor and expects to conclude the process in the early part of 2026.
Regnier’s departure marks the latest change in leadership at Santander UK, which saw Thomas Scholar succeed William Vereker as chairman in August.
($1 = 0.7434 pounds)
(Reporting by Simone Lobo in Bengaluru; Editing by Shailesh Kuber)
