West Bromwich Building Society Board Change (1608K)

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RNS Number : 1608K

West Bromwich Building Society

30 December 2020

West Bromwich Building Society (The West Brom) appoints John Maltby to succeed Mark Nicholls as Chair

The West Brom is pleased to announce the appointment of John Maltby to the Board, initially as a Non-Executive Director, with the expectation that, subject to regulatory approval, he will succeed Mark Nicholls as Chair of the Board at the conclusion of the Society's 2021 Annual General Meeting.

Mark Nicholls joined the Board as Chairman of the West Brom in 2010. He will step down as a Director at the 2021 AGM.

John Maltby is currently Chair of Allica Bank, Non-Executive Director of Nordea Bank and Non-Executive Director and Chair of Risk and Capital Committee for Simplyhealth. John is also Non-Executive Director for National Citizens Service (NCS) Trust.

Julie Hopes, Senior Independent Director and Deputy Chair of the West Brom said: "We are delighted that our external search process resulted in the selection of John Maltby as our next Chair. He has a wealth of experience in the financial services sector and his expertise will be invaluable to the West Brom. The rest of the Board and I would like to thank Mark for his unwavering service to the Society as Chair. We have benefited immensely from his wise counsel and guidance over the last 11 years as he has led the Society's Board through its dramatic turnaround".

Mark Nicholls, Chairman of the West Brom, said: " I welcome John to the Society and wish him and the West Brom every success. It has been a huge privilege to chair the West Brom. I will leave behind an excellent management team and Board running a very special society with a clear purpose and a bright future."

John Maltby said: "I am honoured to be asked to join the Board and to become Chair of the West Brom joining a mutual, focused on supporting the financial well-being of its members. I look forward to working with the whole team at the West Brom as the Society continues its development as a purpose led building society developing and delivering products and services to meet its members' needs."

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Beth Meads

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December 30, 2020 06:46 ET (11:46 GMT)