Industry stalwart John Eastgate has been appointed as the chief commercial officer at Redwood Bank.
His experience spans more than three decades, including senior roles at OSB Group and Shawbrook Bank.
This appointment comes at a time when Redwood Bank is navigating through an important phase, including a proposed reverse takeover.
Discussing his new role, Eastgate said: “Redwood’s size was one of the factors that attracted me to the bank. I wanted a role where I could be an influence, not be lost in a huge business.
“Redwood has created a core of belief in its people, and it’s important you don’t lose that core – you grow with it, and I’m keen to support that.”
He also highlighted the potential of the upcoming reverse takeover: “The proposed RTO is a huge opportunity for Redwood and will provide a platform to grow in the years ahead. I’m excited by what I can bring to that.”
Gary Wilkinson, co-founder and CEO of Redwood Bank, welcomed Eastgate, noting his significant experience: “John has joined us at a very important time and we are delighted to welcome him to the team.
“He is a strong leader and his experience will be invaluable as we enter the next exciting stage of the journey.”
