Board Changes

RNS Number : 0791D

Nationwide Building Society

01 March 2022

 

Board changes

Nationwide Building Society announces Board changes.

Nationwide Building Society is pleased to announce the appointment of Alan Keir as an independent Non-Executive Director of the Society.

Alan Keir is an experienced banker, who was previously Group Managing Director and CEO of EMEA at HSBC, where he led the operations in 30 countries including the UK home market. He currently serves as a NED on the boards of Majid Al Futtaim and Sumitomo Mitsui Banking Corporation. He was previously a NED at HSBC Bank UK plc. He will join the Board with effect from 1 March 2022.

Nationwide also confirms that, Tim Tookey, a Non-Executive Director of the Board since June 2015 will retire from the Society at the AGM in July 2022. Subject to regulatory approval, it is expected that Alan Keir will assume the role of Board Risk Committee Chair in July 2022.

Kevin Parry OBE, Chairman, said:

"It is a pleasure to welcome Alan to the Nationwide Board.  Alan's appointment will broaden the banking experience on the Nationwide Board, and he has first-hand experience of the risks to be managed and the opportunities in the UK.  I anticipate his strategic insights and wide experiences of different business models will contribute to enhancing the service that we provide to our members."

ENDS

Media Information:

Sara Batchelor, Head of Media Relations.

Tel: [phone]

Email: [e-mail]

Investor information:

Charles Wood, Head of Investor Relations

Tel: [phone]

About Nationwide Building Society

Nationwide is the world's largest building society. It is owned by its 16 million members and exists to serve their needs. The Society is one of the UK's largest providers for mortgages, savings and current accounts, as well as being a major provider of ISAs, credit cards, personal loans, insurance and investments.

As a mutual organisation, Nationwide Building Society uses its unique position to help build society by making a positive difference to the lives of its members and the communities in which they live. It is why Nationwide still values a branch network, supports communities through charitable grants, and places a premium on helping people thrive financially - whether helping them into a home of their own or giving them the financial support they need. Taking a stand and making a difference is what sets Nationwide apart. None of which would be possible without the dedicated service of its 18,000 employees.

Over the last five years, the Society has grown its membership by nearly 2 million members to over 16 million and returned nearly 3billion in member financial benefit. It has also grown its stock of residential mortgages by £28billion and in 2020 the Society hit its long-term target of holding 10 per cent of UK current accounts. Nationwide has remained first amongst its peer group for customer satisfaction for 9 successive years.

 

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