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Nationwide B.S. (NAWI)

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Friday 22 May, 2015

Nationwide B.S.

Nationwide CEO Announces Intention to Retire

RNS Number : 9916N
Nationwide Building Society
22 May 2015
 



Date Issued: 22 May 2015

 

NATIONWIDE ANNOUNCES CHIEF EXECUTIVE'S INTENTION TO RETIRE

Process begins to identify and appoint successor

 

Nationwide Building Society has today announced that it is intended that its Chief Executive, Graham Beale, will retire at or around the date of the AGM in July 2016.

 

The announcement comes as Nationwide reports its 2014/15 full year results. This shows record profits and a strong performance as the Society's members benefit from award-winning products and market leading customer service.  Full details are available on the Society's website.

 

By summer 2016 Mr Beale will have spent nine years as Chief Executive and 13 years as a member of the Board.

 

Graham Beale said: "Nationwide is in great shape and is demonstrating how a mutual building society can make a real and refreshing difference in the financial services sector.  Succession of leadership is best dealt with from a position of strength and hence the time has come for the Society to identify and appoint its next Chief Executive.  In the meantime, there is lots to do and there are exciting opportunities ahead, so it is very much business as usual."

 

Nationwide's Chairman, Geoffrey Howe said: "I would like to thank Graham for his enormous contribution to the success of this organisation. He has led the Society safely through the worst financial crisis in living memory and at the same time created a truly modern mutual, with the needs of our members at the forefront of all that we do.  He has also positioned the organisation for a digital world - ready to embrace the future and continue to innovate for the benefit of our members. This is the right time to plan for the future and in the meantime Graham will continue to lead the Society and will remain, as always, focused on the job in hand."

 

Nationwide will now begin the process of identifying a successor for Mr Beale.  An announcement will be made in due course.

 

-Ends-

 

Media Information:

Alan Oliver: [email protected]; 0207 2616100

Stuart Williamson: [email protected]; 0207 2616213

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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