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
Letts Executive Letts Executive The Letts Executive was the executive of Majority Leader of the Northern Territory Goff Letts, who led the Northern Territory from the implementation of the Northern Territory Legislative Assembly in 1974 until his defeat in his own seat at the 1977 election. It was the first ministry to come from the Legislative Assembly. He was the only head of government of the Northern Territory not to assume the title of Chief Minister of the Northern Territory, as self-government was not granted until 1978. His governments did not have anywhere near the range of powers available to Territory governments