Directorate Change

RNS Number : 8411G

Nationwide Building Society

01 April 2022

 

Directorate change

Nationwide Building Society announces Board changes

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

Gillian Riley is a senior banker with an accomplished track record in consumer and commercial banking at Bank of Nova Scotia, which is Canada's third largest bank. Since 2018, she has been President and CEO of its subsidiary, Tangerine Bank, which Gillian evolved from a Deposits only bank to a profitable, everyday bank with a full suite of banking solutions that consistently wins awards for its client satisfaction. She will join the Board with effect from 1 April 2022.

Kevin Parry OBE, Chairman, said: "It is a pleasure to welcome someone of Gillian's calibre to the Nationwide Board. Her digital banking experience and strategic approach combined with her extensive Board experience make Gillian a valuable asset to us given our strategic direction and the challenges we are facing in the banking sector."

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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