Coventry Building Society Appointment of new CEO (3719V)

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RNS Number : 3719V

Coventry Building Society

02 December 2019

Coventry Building Society

2 December 2019

Coventry Building Society is pleased to announce the appointment of Steve Hughes as Chief Executive, pending regulatory approval. We will update on Steve Hughes' start date in due course and at the same time, will confirm the date on which Mark Parsons will step down as CEO.

He is currently Chief Executive of the Principality Building Society, the sixth largest building society in the UK, where he has worked for eight years, initially as Deputy Group Finance Director before becoming Finance Director in 2013 and CEO in 2017. Previously, Mr Hughes had a series of roles in the manufacturing, retail and financial services sectors.

Gary Hoffman, Chairman of Coventry Building Society, commented: "Steve is a great fit for us. He has the same vision for the way financial services should work and is passionate about serving members, supporting colleagues and making a difference to broader society. He'll bring great leadership, energy and experience to the Society and help deliver the ongoing change we need to stay relevant and successful."

Steve Hughes said: "Coventry Building Society's success is based on a mission and a set of values that run through it like a stick of rock. I share these values, and I believe in the mutual model. This is why I am so excited to be joining the Society at a time of great change in the industry. I'm really looking forward to building on the work it does and ensuring we have a Building Society that is relevant for current and future members, customers and partners".

Media enquiries should be directed to:

Richard Field

Head of Communications

Tel: 0800 121 6868

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