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 were the three companies short listed by the government to value the bank. On 9 September "The Times" reported that Andrew Caldwell, a valuations partner at BDO Stoy Hayward had been chosen as the valuer, with a fee of £4.5 million. The legal action brought by investors against the Government started in the Royal Courts of Justice on 13 January 2009. Shareholders were also staging a demonstration outside the court. One of the points that was revealed about the case is that they were examining who 'leaked' the information about the bank receiving its emergency government bailout. In order to