Terry Eccles has resigned from the board of the Paragon Group of Companies Plc.

He has quit for health reasons.

Eccles was appointed to the board in February 2007 and served as chairman of the remuneration committee until February 2009 and as senior independent director from February 2009 until July 2011.

Bob Dench, chairman, said: “Terry’s experience and wisdom have been invaluable and his presence on the board will be sadly missed.