Principality Building Society Chairman to step down (2081A)
September 28 2020 - 4:00AM
UK Regulatory
TIDM10AI
RNS Number : 2081A
Principality Building Society
28 September 2020
Under embargo until 9am 28(th) September 2020
Principality Chairman to step down in April 2021
Principality Building Society's Chairman Laurie Adams has
announced he is to step down in April 2021 as part of the board's
succession plan.
Mr Adams has served as chair for seven of the eight years he has
been on the board and has overseen a hugely successful period in
the Society's history. The search to appoint his successor will
begin immediately.
Mr Adams said: "I'm so proud and privileged to have been part of
this special organisation. Our business has grown from a balance
sheet of GBP5bn to GBP10bn in the past eight years and has enabled
us to grow our mortgage business. To double the size of our
business over this period is a real achievement of which we should
all feel very proud. We have provided thousands of mortgages to
first time buyers over the period and I'm especially proud of how
we helped to transform Ely Mill from an old brownfield site to
provide hundreds of new affordable houses.
"It's also been a great pleasure to see Principality named as
one of the best places to work in the UK, and watch the outstanding
work it does on financial education to help thousands of children
in Wales.
"It is a good time to make my announcement and search as Julie
Ann has now stepped up into her new role as CEO and we have a very
strong board and management team in place. I'm sure Principality
will continue to go from strength to strength and I want to thank
all of our colleagues for their hard work and wish them every
success in the future."
Julie Ann Haines, CEO at Principality Building Society said:
"Laurie has played a big part in overseeing our plans to grow the
business and the outstanding customer service we continue to
provide. His wealth of experience and knowledge has helped us to
achieve this. We are grateful for everything he has done for our
members and colleagues during his time at Principality and wish him
all the best for the future."
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 GBP10.5 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
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 or visit 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.
END
BOAUVONRRWUKUAR
(END) Dow Jones Newswires
September 28, 2020 04:00 ET (08:00 GMT)
Princ.b.s. 23 (LSE:10AI)
Historical Stock Chart
From May 2024 to Jun 2024
Princ.b.s. 23 (LSE:10AI)
Historical Stock Chart
From Jun 2023 to Jun 2024