Directorate Change

RNS Number : 8546A

Nationwide Building Society

28 September 2022

 

Nationwide Building Society 

Board changes - 28 September 2022 - embargoed to 07.00

Nationwide Building Society announces Board changes

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

Tracey is an experienced Non-Executive Director having served on a number of listed company and mutual boards across a range of sectors, including financial services. She is a former CEO, with proven success at companies operating in the financial and business services sectors, with significant commercial, operational and customer services experience gained in several different sectors. She has extensive experience as a remuneration committee chair in listed and regulated companies, in addition to serving on all other board committees including audit, risk and nominations. She will join the Nationwide Board with effect from 28 September 2022.

Nationwide also confirms that Mai Fyfield, a Non-Executive Director of the Board since June 2015, will retire from the Society at the AGM in July 2023. Subject to regulatory approval, it is expected that Tracey Graham will assume the role of Remuneration Committee Chair from Mai Fyfield in January 2023.

Tracey Graham said:

"I am delighted to be joining Nationwide, the UK's largest mutual building society. As a trusted mutual, Nationwide plays a significant role working for members and customers, guided by strong values, and a social purpose. I look forward to working with colleagues as Nationwide continues to develop its leading market position."

Kevin Parry OBE, Chairman, said:

"It is a pleasure to welcome Tracey to the Nationwide Board. Tracey's appointment will broaden the financial services experience on the Nationwide Board, and she has first-hand experience of serving on mutual boards. I anticipate her proven track record of creating successful growth in a wide variety of businesses and significant experience gained in senior banking and insurance positions will contribute to the strength of our existing Board."

ENDS

Media Information:

Sara Batchelor, Head of Media Relations

Tel: [phone]

Email: [e-mail]

Investor information:

Sarah Abercrombie, Head of Investor Relations and Credit Ratings

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 £3 billion in member financial benefit. It has also grown its stock of residential mortgages by £28billion and 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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