Directorate Change

RNS Number:4689B
Coventry Building Society 
13 April 2006

13 April 2006



Coventry announces retirement of Chief Executive


Coventry Building Society today announces that on 30 June, Martin Ritchley will
be retiring as Chief Executive and Director of the Society.


Martin joined the Society as Chief Accountant in 1970.  He became a Director in
1985 and was appointed Chief Executive in 1990.  He will also retire as a member
of the Council of the Building Societies Association having been elected in 1995
and having served as its Chairman from 2001 to 2002.


Martin has played an active role in Coventry's local community, including being
Chairman of CVOne Limited, the partnership company established to assume the
management of Coventry city centre and to promote tourism throughout the
Coventry and Warwickshire area.


Commenting, David Harding, Chairman of the Society said: "Martin has been
central to the success of the Society for many years.  Under his expert
guidance, Coventry Building Society has grown to be the fifth largest building
society with an enviable record of growth, innovation and efficiency.  At the
heart of this success has been his unswerving commitment to the benefits that
building society status bring to our members. On behalf of the Board and our
members, I would like to thank him for his many achievements and wish him a long
and happy retirement."


Martin Ritchley, Chief Executive, added: "It has been a great honour to have
served Coventry Building Society and its members for so long.


"I have been privileged to lead a fantastic team at Coventry Building Society
who have delivered great success in the changing world of financial services.  I
know that I am leaving a strong and confident business which has a great future
based upon its philosophy of putting members first."


Martin will be succeeded by David Stewart, currently Operations Director at the
Society, who will become Chief Executive on 1 July 2006.


David, a Chartered Accountant, joined Coventry Building Society as Finance
Director in 2002 and was appointed Operations Director in 2003.  Prior to
joining Coventry Building Society, David gained financial services experience at
DBS Management plc, where he was Group Finance Director and then Group Chief
Executive.





                                      ends






Notes to Editors

*    Coventry Building Society is the fifth largest building society in
     the UK with assets exceeding #11 billion

*    Martin Ritchley is available for interview and comment

Photographs of Martin Ritchley can be downloaded from the media room at
www.coventrybuildingsociety.co.uk or from Coventry's page at
www.headlinemoney.co.uk


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