Adam Applegarth

Adam J. Applegarth (born August 1962 in Sunderland, England)[1] was the Chief Executive Officer of the Gosforth, Newcastle upon Tyne based Northern Rock bank, one of the first victims of the subprime mortgage crisis. The bank was subsequently nationalised[2]

The son of a music and drama teacher, he attended Sedbergh School and Durham University, where he read Mathematics and Economics.[1] He joined Northern Rock in October 1983 as a graduate trainee, becoming General Manager in 1993, joining the Board of Directors in 1996 and being appointed Chief Executive in 2001 at the age of 39 and remained in this position till he left the bank in December 2007.[1]

In January 2009 Guardian City editor Julia Finch identified him as one of twenty five people who were at the heart of the financial meltdown.[3]

References

  1. 1 2 3 Sims, Paul. (16 September 2007.) Northern Rock: The £1.4m-a-year golden boy now facing an uncertain future Daily Mail. Accessed 23 September 2007.
  2. ↑ Thousands of British and Irish depositors lay siege to embattled Northern Rock; Share value plunges 40% Finfacts. 17 September 2007. Accessed 23 September 2007.
  3. ↑ "Twenty-five people at the heart of the meltdown ... | Business". The Guardian. 2009-01-26. Retrieved 2012-05-02.
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