Go Pester someone else: TSB ditches CEO over bank's IT meltdown.
Paul Pester has been booted out of TSB's top office after months of criticism over his handling of the IT chaos that hit the bank this year – but is still expected to take away about £1.7m.
The CEO's departure follows another systems meltdown over the weekend, when a planned four-hour downtime ended up leaving some customers unable to access mobile, online or telephone services for almost two days.
However, non-executive chairman Richard Meddings, who is taking on the role of executive chairman to lead the hunt for the new boss, claimed the bank's IT systems were stable enough that this was the right time for Pester to leave.
Related: Watchdog Slams TSB Boss for Underplaying Extent of IT Meltdown
(Score: 0) by Anonymous Coward on Wednesday September 05 2018, @04:24PM
TSB's problem long precede Brexit. It's their shit software from that banking operation in Spain that sealed their fate.
BTW, TSB now officially stands for "This Sucks Balls".