Nationwide Building Society Announcement of CFO's Intention to Retire (6209Z)
May 21 2019 - 2:02AM
UK Regulatory
TIDMNBS TIDM96MN
RNS Number : 6209Z
Nationwide Building Society
21 May 2019
Date Issued: 21 May 2019
NATIONWIDE ANNOUNCES CHIEF FINANCIAL OFFICER'S INTENTION TO
RETIRE
Nationwide Building Society has today announced that its Chief
Financial Officer, Mark Rennison, has discussed with the Board his
intention to retire. Mark has agreed to stay in role until a
successor has been appointed and he will continue to stand for
re-election at the Society's AGM, to be held on 18 July 2019, so
that, if re-elected, he may serve as a Director until he steps
down. The announcement comes as Nationwide reports its 2018/19 full
year results. The results show record lending, strong deposit
growth and record membership with a capital position which remains
well ahead of regulatory requirements. Full details are available
on the Society's website.
Mark has spent 12 years as Chief Financial Officer and a member
of the Board.
Nationwide's Chairman, David Roberts said: "The Board would like
to thank Mark for his valuable contribution to the success of the
Society for more than 12 years. He has balanced leading us through
the most challenging external environment in memory whilst ensuring
our finances are rigorously managed so that we can invest in the
future and grow the business for our members. We are grateful that
Mark will remain in role until a successor is appointed and we will
be sorry to see him go."
Mark Rennison said: "It has been an honour to serve Nationwide
for over a decade as Chief Financial Officer. The business is
financially strong and growing. We are investing for the future as
well as maintaining our strong capital position. There are exciting
opportunities ahead as the Society builds from a position of
underlying strength. I remain fully committed to the job until a
successor is in place."
A process to appoint a successor will commence and a further
announcement will be made in due course.
--Ends--
Media Information:
Sara Batchelor: 07785 344137,
sara.batchelor@nationwide.co.uk
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END
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