He will replace Jonathan Perry who has announced his intention to retire at the group’s next annual general meeting (AGM( on 8 February 2007.
Before joining the Paragon Group Board as non-executive director in 2004, Dench served on the board of Barclays’ Retail Financial Services and Private Client businesses. He played a leading role in Barclays’ business development activities and was managing director of Barclays’ General Insurance, Life and Mortgage businesses.
Dench has considerable experience of devising and implementing business strategies and, having led highly regulated businesses for a number of years, he also has significant expertise in compliance and corporate governance matters
Dench said: “I feel very privileged to have been asked to succeed as the chairman of such a vibrant business and look forward to guiding Paragon to continued growth.”
Nigel Terrington, chief executive, said: “Bob Dench has made a valuable contribution to the board since his appointment as a non-executive director in 2004. His engaging style, professionalism and financial sector experience will ensure a smooth hand-over from Jon. The board and I look forward to working with Bob as chairman.”
Outgoing chairman, Jonathan Perry has been chairman of the Paragon Group for 14 years, where he led the recovery of the group, then National Home Loans, from its financial difficulties of the early 1990s.
Terrington said: “It has been a pleasure to work with Jon Perry. We have faced many challenges together over the years and Jon, with his professionalism, determination and tenacity is a considerable asset to the group. We will all miss his involvement and we wish him well for an enjoyable and fulfilling retirement."
