Nationalisation of Northern Rock mortgage products, but the other company, "Northern Rock (Asset Management) plc", will not. The subsidiary in Guernsey, Northern Rock (Guernsey) Limited, and all Irish accounts are owned by the new Northern Rock plc. After the split there are two boards of directors; Ron Sandler is the Chairman of the new Northern Rock plc and Richard Pym is Chairman of the Asset Management company. Gary Hoffman is Chief Executive of both companies. On 10 March 2010 Northern Rock (Asset Management) plc announced that for the year 2009 the company made a better than expected loss of £257.4 million; this was a
Executive branch of the government of Puerto Rico Constitution of Puerto Rico vests the executive power on the Governor. The Governor has a duty to enforce state laws, to convene the Legislative Assembly, the power to either approve or veto bills passed by the Legislative Assembly, to appoint government officers, to appoint Justices, and to grant pardons. Puerto Rico does not have a post for lieutenant governor but the Secretary of State performs an equivalent role. Article IV of the Constitution of Puerto Rico establishes that the Secretary of State should serve as acting governor when the Governor is unable to perform his duties. The Constitution and Puerto