Northern Rock 2008, Ron Sandler was appointed Executive Chairman by the government. Gary Hoffman became Chief Executive of Northern Rock in October 2008. With the appointment of Gary Hoffman, Ron Sandler changed to a Non-Executive Chairman position. Since the split of the bank into Northern Rock plc and Northern Rock (Asset Management) plc on 1 January 2010, each company had its boards of directors. On 4 November 2010 Northern Rock announced that Gary Hoffman had left the bank and was to move to NBNK Investments as CEO. One of the stipulations of Hoffman's appointment at NBNK was that they could not table
Nationalisation of Northern Rock appeal was rejected. In 2011 Harbinger Capital Partners LLC, an entity which had held an interest in some £277 million preference shares in Northern Rock, and Chris Hulme, chairman of the Northern Rock Shareholders Action Group, lost their legal battle to overturn the valuation of the shares being worthless. In January 2013 Harbinger's appeal is being heard in London. In October 2008 a small number of charities and media outlets accused Northern Rock of having an aggressive repossession policy. These allegations were denied by the bank's spokesman Simon Hall. By October customers appeared to be regaining confidence in the bank,