LONDON (AP) - The banking group TSB says its chief executive, Paul Pester, has quit after a string of huge IT failures.
The group said Tuesday that non-executive chairman Richard Meddings would take over while a search for a new CEO begins.
Pester’s decision follows another IT failure Monday that left some customers unable to access their accounts.
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Earlier this year, roughly 1.9 million account holders were unable to access their digital or mobile accounts due to a widespread IT breakdown.
Meddings said Pester will leave with 1.2 million pounds ($1.54 million) in pay and benefits for a 12-month notice period plus a bonus.
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