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Northern Rock chairman quits
Northern Rock announced the departure of chairman Matt Ridley today and said the "time was right" to accept his resignation.
Dr Ridley leaves Northern Rock a month after the mortgage lender’s liquidity crisis and the subsequent run on the bank.
He will be replaced by Bryan Sanderson, former chairman of Bupa and of Standard Chartered bank.
Click here to read an nebusiness interview with Matt Ridley conducted this year before the crisis at Northern Rock.
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