HBOS appoints new Bank of Scotland governor

HBOS has appointed George Mitchell as governor of the Bank of Scotland and Sir Ron Garrick as deputy chairman of HBOS plc.

The appointments follow the retirement of Sir Peter Burt, deputy chairman of HBOS and governor of Bank of Scotland, and take effect immediately.

George Mitchell is chief executive of Bank of Scotland corporate banking, and treasurer and managing director of Bank of Scotland.

He was appointed chief executive of the Bank of Scotland Retail Bank in 1999 and chief executive of corporate banking in 2000. Previously, Mitchell held senior positions in divisions including treasury, international and personnel.

Sir Ron Garrick was appointed chairman of the Weir Group PLC in January 1999, having been chief executive since 1982. During his time as chief executive, the Weir Group became the largest and most profitable engineering group based in Scotland.

A non-executive director of HBOS plc, Garrick has also been a board member of Shell UK, Scottish Power and Scottish Enterprise.

Dennis Stevenson, chairman of HBOS plc, says: “George Mitchell has a tremendous range of experience in banking and finance, a great commitment to Bank of Scotland and a profound knowledge of the UK corporate sector.”

He adds: “Ron Garrick is one of Scotland&#39s leading industrialists and has an outstanding track record in leading and developing major manufacturing companies. His knowledge of the UK industrial sector will be of great benefit to HBOS, a major provider of finance to firms across the UK.”