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
Chief executive (Irish local government) additional three years). The retirement age for County or City Managers is 65. If a Council wishes to suspend or remove a chief executive, a resolution must be passed by the Council. At least Three quarters of the Councillors vote for the resolution after 21 days' notice. The Minister may appoint a panel to determine the proposal, or may sanctions the removal of the chief executive. Local Government Reform Act 2014 Sec 146 As well as the chief executive, some counties and cities also have Assistant/Deputy chief executive. After consultation with the head of the elected council (Cathaoirleach or Mayor)