Directorate change
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Nottingham Building Society
Directorate Change
Nottingham Building Society ("NBS") announces the following change to its Board:
· The appointment of Richard Fearon as a Non‑Executive Director with effect from 1 September 2026.
· Richard will become Senior Independent Director, subject to regulatory approval, taking over the position from Peter O'Donnell, Chair of the Audit Committee and interim Senior Independent Director. Peter will remain on the Board and continue to chair the Audit Committee.
Further information is provided below.
Nottingham Building Society announces the appointment of Richard Fearon to its Board as a Non‑Executive Director, with effect from 1 September 2026.
Richard will take over the position of Senior Independent Director, from Peter O'Donnell, the Chair of Board Audit Committee and interim Senior Independent Director, subject to regulatory approval. Peter will remain on the Board and continue to chair the Board Audit Committee.
Richard is a highly respected retail banking leader with more than 20 years' experience across executive and board‑level roles within the UK banking and mutual sectors. He brings deep expertise in mortgages, savings, strategy, risk management, transformation, and governance, alongside a strong understanding of balance‑sheet‑led financial services.
He spent ten years at Leeds Building Society, one of the UK's largest mutuals, where he served as Chief Commercial Officer, Deputy Chief Executive, and latterly Chief Executive Officer. During his tenure, he played a key role in the Society's growth, delivering sustained improvements in performance and leading major technology and operational transformation programmes to enhance customer and colleague experience.
Earlier in his career, Richard held a number of senior roles at Lloyds Banking Group, gaining strong foundations in retail credit, pricing and portfolio management. In addition, he has served on the main Board of UK Finance, where he chaired the Audit & Risk Committee and the Mortgage Board, further strengthening his governance and regulatory credentials.
In March 2026, he was appointed as a Non-Executive Director of Together Financial Services.
Robin Ashton, Chair of Nottingham Building Society, said:
"We are delighted to welcome Richard to the Board of Nottingham Building Society. He brings extensive leadership experience from across retail banking and the mutual sector, alongside deep knowledge of mortgages and savings, and a strong track record in transformation and governance.
"Richard's appointment as Senior Independent Director will add significant strength to our Board as we continue to deliver our strategy as a modern, member‑owned organisation.
Richard Fearon said:
"I am delighted to be joining the Board of Nottingham Building Society and to take on the role of Senior Independent Director later this year. Nottingham has a strong mutual heritage and a clear commitment to serving members in a responsible and sustainable way. I have watched the Society's transformation with real interest over recent years and admire its strong sense of purpose and ambition. I look forward to working with the Board at this important stage in the Society's evolution."
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