Richard Meddings Exits Standard Chartered with New NHS England Chair Appointment

Richard Meddings, the former Chief Financial Officer of Standard Chartered, has made a significant move. He has exited his role at the bank.

As of now, Richard Meddings is joining NHS England as its new Chair.

Richard Meddings' Career is marked by his extensive experience in the financial industry. He spent 20 years at Santander, rising through the ranks to become the bank's chief financial officer.

Meddings played a key role in shaping Santander's strategy and financial direction, overseeing the bank's financial performance during a period of significant growth.

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Richard Meddings was appointed as the Group Finance Director of Standard Chartered in 2011, a position he held for nearly a decade.

In 2021, Meddings made a shock departure from the bank, stepping down as Group Finance Director after nearly 10 years in the role.

The bank's announcement of Meddings' departure was met with surprise, given his long tenure and the fact that he was not expected to leave the company anytime soon.

Meddings' departure was seen as a significant loss for the bank, given his experience and expertise in the field of finance.

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Richard Meddings was confirmed as the new Chair of NHS England, following a fair and open competition. He will replace the current chair, Lord Prior, who has been in post since October 2018.

Richard brings a wealth of experience to the role, having previously served on HM Treasury's Board and as Chair of TSB Bank, and is a non-executive director at Credit Suisse. He has a strong record of achievement and has led change and reform at the highest levels.

The role of NHS England Chair is appointed by the Health and Social Care Secretary, and Richard was confirmed as the government's preferred candidate in December. He will begin his four-year term in March 2022.

Richard has stated that he intends to donate his annual salary of £63,000 to charity. He will be working two to three days a week to lead the NHS recovery from the pandemic and expand its workforce.

Here are some key facts about Richard Meddings' appointment:

Richard has expressed his commitment to the NHS and its staff, saying that he is "humbled by and pay a huge tribute to the people of the NHS for their heroic work and their continuing commitment." He has also highlighted the significant and long-running challenges facing the NHS, which have been made sharper by the consequences of the COVID-19 pandemic.