Knight is set to follow Knight at the UK's 10th-largest lender GMAC-RFC where executive chairman Stephen is set to be replaced by chief executive officer Simon.
Stephen Knight will relinquish his role on September 30. He founded Private Label 20 years ago and stayed on with GMAC-RFC for nine years after they bought the firm. He says: “I have about 15 years left of being continent and reasonably compus mentis, and I would like a change. I don’t yet know what I’ll be doing.” He will hand over the reins to Simon Knight, no relation to his old boss, who joined Private Label in 1990. Simon transferred to GMAC-RFC along with Stephen in 1998. In 2001 he switched Stateside to become chief marketing officer for GMAC-RFC worldwide. He returned from the US...
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