DIRECTORATE CHANGE AT LEEDS BUILDING SOCIETY
Leeds Building Society (the "Society") is
pleased to announce the appointment of Brendan McCafferty as Chair
with effect from 1st March 2025, subject to regulatory
approval. He will succeed Iain Cornish following his announcement
in January that he would not seek a third term as Chair.
Brendan has been a Non-Executive Director at
Leeds Building Society since September. He is a chartered
management accountant with extensive financial services experience,
including across the insurance and pensions sectors.
He is currently Chair of Nest Corporation, a
position he has held since February 2022, and was previously CEO
(Intermediated and Direct) at AXA Insurance UK plc and the founding
CEO of Flood Re Ltd, an innovative Public Body venture between the
government and the insurance industry. With more than 30
years of experience, he brings a huge amount of knowledge and
strategic insight to the role.
Brendan said: "I am honoured to be appointed to
the role of Chair at Leeds Building Society. The Society has a
strong heritage, a clear purpose, and is committed to putting
members first.
"I look forward to working with the rest of the
Board, Executive team, and colleagues across the Society to build
on its success and ensure we remain well-positioned to serve our
members."
Richard Fearon, Leeds Building Society's Chief
Executive, said: "Brendan holds a wealth of leadership experience
which will be of huge benefit to the Society.
"I and the rest of the Board are looking forward
to working with him as we enter our 150th year of
providing a strong and secure place for savers' money and putting
homeownership within reach of more people generation after
generation."
Iain Cornish, who joined the Society's Board in
2019 and became Chair in April 2020, said: "It has been hugely
satisfying to be part of such a collaborative culture focused on
supporting members.
"I am proud of what we have achieved together,
and I would like to thank my fellow directors, our colleagues and
our members for their support throughout my tenure as Chair. I look
forward to watching the Society build on its continued success led
by Brendan, Richard and the rest of the Board."
Richard added: "I would like to express my
personal thanks to Iain for his support during his time as a Board
member and Chair. He has made an invaluable contribution, including
helping us navigate the Covid-19 pandemic and continuing to grow as
a Society."
Ends
About Leeds
Building Society
·
Leeds Building Society is the UK's fifth-largest Building
Society with assets of £30bn and a total membership of 945,300 as
at the end of June 2024.
· We
continue to do today what we were set up to do in 1875 - help
people save money and buy their own home. We operate as a mutual,
developing and innovating our product range and service offer to
help our members achieve their financial goals.
· We
employ over 1,800 colleagues, with a head office in the centre of
Leeds, a customer contact centre in Newcastle and a network of 50
branches across the UK.
· Our
purpose is putting home ownership within reach of more people,
generation after generation. Since 2020 we have helped over 70,000
first time buyers join the housing ladder.
· We
are committed to the orderly transition to a greener, net zero
economy by 2050 and have set a second ambitious target to reduce
our scope 1 and 2 location-based emissions by 60% by 2030, which
aligns with the UK's net zero commitments.
· The
Society has been a Living Wage employer since 2019. The Society won
the title of Best Shared Ownership Mortgage Lender in the 2024 What
Mortgage Awards, its ninth consecutive year of success in this
category, won "First time Mortgage Buyers' Choice" at the 2023
Moneyfacts Consumer Awards, and was named as the winner of the
"Leading With Purpose Award" at the 2023 Business Culture
Awards.
· For
more on what we do and how we help our members, visit
Leeds
Building Society