REG - Yorkshire B.S. - Directorate Change
29/11/2021 08:05
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211129:nRSc7979Ta&default-theme=true RNS Number : 7979T Yorkshire Building Society 29 November 2021 This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain. Monday 29(th) November 2021 YORKSHIRE BUILDING SOCIETY APPOINTS STEPHEN WHITE AS INTERIM CEO Yorkshire Building Society announces that Stephen White has been appointed as Interim Chief Executive Officer (CEO) with immediate effect. Outgoing CEO, Mike Regnier, will work with Stephen to ensure a smooth transition before he leaves the Society at the end of the year to take up a new role with Santander UK. Both appointments are subject to regulatory approval. John Heaps, Chairman of Yorkshire Building Society, said: "I would like to thank Mike for his outstanding contribution to the Society over the last seven years. He has led the Society superbly through a period of significant challenge as we have addressed both the transformation to a more digitised world and the complexities of the Covid Pandemic. Our performance this year, including the results at the half year showing strong growth in both mortgages and savings, strong profitability and over £40m of additional value passed back to our members, is a proper reflection of how well the Executive has performed under Mike's leadership." "I am pleased that Stephen White, who is currently our Chief Operating Officer, will take over as Interim CEO. Stephen has more than 25 years of experience in financial services across the UK, Ireland and Australia, and has been with the Society almost six years. Stephen will ensure we continue to help real life happen for our members and build on the Society's success of over 155 years. "We are working with external executive search partners to find a permanent successor to Mike and anticipate there will be a number of very strong candidates." Stephen White, Interim CEO said: "We have worked closely as a senior leadership team to develop Yorkshire Building Society's strategy. As Interim CEO, I look forward to working with my very talented colleagues to maintain momentum, and to continue to deliver our purpose of providing real help with real life. Commenting on his time at Yorkshire Building Society, Mike Regnier said: "I have thoroughly enjoyed my time at Yorkshire Building Society and it has been a great privilege to have been CEO. I was very proud to lead an outstanding and talented group of colleagues who always, and especially during the pandemic, put members first. "I feel that now is the right time for me to take on a different challenge and leave the Society in excellent shape for my successor to take the Society on the next phase of its journey." ENDS About Yorkshire Building Society Yorkshire Building Society has assets of £49.4 billion and nearly 3 million customers. Chelsea Building Society and Norwich & Peterborough Building Society are part of Yorkshire Building Society. Its subsidiary companies include Accord Mortgages Limited. For further media information please contact: pressoffice@ybs.co.uk This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END BOADKFBPCBDKDDB