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 was reported that Yorkshire Building Society were interested in Northern Rock. It has also been reported that Nationwide Building Society are not interested in the bank. On 31 March 2011 the Coventry Building Society expressed an interest in remutualising Northern Rock as a part of Coventry. During 2011 the government encouraged another round of bidding for the bank. By the first round deadline on 28 July Virgin Money and JC Flowers put forward their expressions of interest. In late October Virgin Money submitted their 2nd round bid for the bank. The following day NBNK rejoined the bidding process for the