Board Changes

RNS Number : 8942Z

Nationwide Building Society

28 January 2022

 

Board changes

Nationwide Building Society announces Board changes .

Following the announcement on 23 September 2021, Nationwide Building Society is pleased to confirm that Kevin Parry will assume the role of Society Chairman and Chairman of the Nomination & Governance Committee with effect from 01 February 2022, taking over from David Roberts who steps down on 31 January 2022.

Kevin Parry, Chair-Elect, said "I'd like to thank David Roberts for effecting a smooth handover over the last few months and leaving a Board that operates high standards of oversight and governance.  I am looking forward to similarly effecting the transition of executive leadership from Joe Garner to Debbie Crosbie in the first quarter of our financial year."

Nationwide also announces the appointment of Gunn Waersted as Senior Independent Director with effect from 01 February 2022 subject to regulatory approval. She succeeds Kevin Parry who was appointed as Society Chairman with effect from 01 February 2022.

Gunn has been a Non-Executive Director of the Society since June 2017 and will remain as Chair of the Society's Board IT and Resilience Committee and a member of the Nomination & Governance Committee.

Kevin Parry, Chair-Elect, said: "Gunn's wealth of experience, expertise and knowledge is invaluable to the Society and its Board as we build on our successes and take the Society on to the next phase of its development. I am delighted that she has agreed to be the Senior Independent Director (subject to regulatory approval) and I look forward to working with her closely in our new roles".

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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