Nationwide Building Society appoints David Roberts as Chairman-Elect

02 May 2014

Nationwide Building Society is pleased to announce that David Roberts will succeed Geoffrey Howe as Chairman with effect from the conclusion of the AGM in July 2015, when Geoffrey retires from the Society. David Roberts will join Nationwide’s Board as a Non-Executive Director and Chairman-Elect on 1 September 2014.

David Roberts will join Nationwide from Lloyds Banking Group where he is Deputy Chairman and has been a Non-Executive Director since 2010. David has been Chairman of the Board Risk Committee at Lloyds from 2010 and became Deputy Group Chairman in 2012. He has held a number of senior positions in banking and finance: he was a main Board Director and Chief Executive Officer for International Retail and Commercial Banking at Barclays from 2004 to 2006 and was a member of the Group Executive Committee at Barclays from 2001 - 2006. He was Chairman of the Managing Board and Chief Executive at BAWAG PSK Gruppe, the second largest retail bank in Austria from 2007 to 2009. He has been a member of the Strategy Board at the Henley Business School in the University of Reading since 2008.

Geoffrey Howe said: “I am very pleased that David Roberts has been chosen to succeed me as Chairman of Nationwide. Nationwide is uniquely placed as the UK’s largest mutual building society to be a real and credible alternative to the established banks. We have weathered the banking crisis and the downturn in the economy with our reputation intact and have emerged stronger and better placed to continue to serve the interests of our 15 million members. I have real confidence in Nationwide’s future and I wish David every success as Chairman of the Society through the next important period in its growth and development.”

David Roberts said: “I am very proud to have been asked to become Chairman of Nationwide Building Society in July 2015. It is an organisation with a strong and well-deserved reputation for doing the right thing for its members. This fits well with my personal values and I am delighted to be joining it at this important time.

“I would like to acknowledge the tremendous work that Geoffrey and his Board colleagues have done in steering the organisation through the difficult economic conditions of the last few years. They have created a real platform to continue to grow and develop this mutual organisation for the benefit of its current and future members, and I will make it a priority that we do just that.”

Notes to editors

In October 2013, Nationwide announced that its Chairman, Geoffrey Howe, had decided to retire after the AGM in 2015. By July 2015, Mr Howe will have spent eight years as Chairman of the Society and over 10 years as a member of the Board.

Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

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