Principality Building Society Principality CEO resigns to move to new role (3077V)
02 Diciembre 2019 - 8:30AM
UK Regulatory
TIDM10AI
RNS Number : 3077V
Principality Building Society
02 December 2019
Under embargo until 230pm 2(nd) December 2019
Principality Chief Executive resigns to take up new role
Principality Building Society has today announced that their
Chief Executive Officer Steve Hughes has resigned after accepting
an offer to become Chief Executive Officer at Coventry Building
Society.
Principality's Chief Risk Officer, Mike Jones, has been
appointed by the Board as Interim Chief Executive Officer with
immediate effect. Mike has more than 40 years' experience in the
finance industry and has been with Principality for more than 20
years and has been a Board member for the past six years.
Mr Hughes joined Principality eight years ago and was previously
Group Finance Director before becoming Chief Executive Officer in
March 2017.
Principality's Chairman, Laurie Adams, said: "While I'm sorry to
see Steve move on, I'm also very grateful for all that he's
contributed to our organisation. Under his leadership the Society
has grown to more than GBP10bn in assets, delivered consistently
strong financial results and excellent customer service for the
benefit of all our Members. He leaves the business in great shape,
with a strong executive team in place who will continue the
excellent work of the last few years. A search for his permanent
successor will now commence."
ENDS
Notes to Editors
-- Formed in 1860, Principality is Wales's largest building society.
-- The Society is committed to supporting the communities of
Wales, with 53 branches and 17 agencies in Wales and the
borders.
-- Principality is the 6th largest building society in the UK.
-- The Society has assets of over GBP10 billion.
-- Principality is committed to remaining a mutual organisation.
-- www.principality.co.uk
For more information please contact:
Jamie Pike,
Corporate Affairs Manager, Principality Building Society
Jamie.Pike@principality.co.uk
02920 773812
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END
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