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REG - Yorkshire B.S. - Directorate Change

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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 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

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."


About Yorkshire Building Society

Yorkshire Building Society has assets of £49.4 billion and nearly 3 million

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

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