Nationwide Ccds Regulatory News (NBS)

18 January 2017

BARONESS USHA PRASHAR JOINS NATIONWIDE'S BOARD

AS AN INDEPENDENT, NON-EXECUTIVE DIRECTOR

Nationwide Building Society today announces the Non-Executive Director appointment of Baroness Usha Prashar, one of the UK's most experienced policy advisors, with a 45-year career across the not-for-profit and public sectors, onto its Board and Remuneration Committee with immediate effect.

Baroness Prashar is currently a Member of European Union Select Committee and Chairman of the House of Lords European Union Home Affairs Sub-Committee. She is also Deputy Chair of the British Council, where she also chairs their Remuneration Committee.

Previously, she has also held Non-Executive Director positions at ITV, the Cabinet Office, Unite PLC, Channel 4, Energy Saving Trust and Ealing, Hounslow and Hammersmith Health Authority. She has also held senior positions at the Salzburg Seminar, National Literacy Trust, Royal Commonwealth Society and was the inaugural Chairman of the Judicial Appointments Commission.

David Roberts, Nationwide Building Society Chairman, comments: "Our mutuality defines and differentiates us. Being owned by our members means that Nationwide is able to take decisions in the longer-term interests of our members, and of society. Usha is an enormously experienced policy advisor, with a 45-year career spanning the not-for-profit and public sectors. Her work in government, the Parole Board, and with the Judicial Appointments Commission has been at the heart of community and society. This expertise, understanding and talent will be a tremendous addition to Nationwide's Board."

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For further information, please contact:

Alan Oliver, 01793 655287, alanm.oliver@nationwide.co.uk

Sara Batchelor, 01793 657770, sara.batchelor@nationwide.co.uk  

Notes to Editor:

Baroness Usha Prashar - Biography:

Usha Prashar has a 45-year career spanning the public, not-for-profit and broadcasting sectors. One of the UK's most experienced policy advisors, she has led a number of high profile public and voluntary organisations.

The first Civil Service Commissioner, Usha has successfully led institution change and transformation, such as reforming processes and procedures whilst Executive Chairman of the Parole Board of England and Wales and, as the inaugural chairman of the Judicial Appointments Commission, establishing a new board and successful organisation. Her work has consistently been at the heart of community and society.

In her time as Non-Executive Director at ITV, she made a significant contribution to setting the strategy and the appointment of the new Chairman and Chief Executive, amidst the backdrop of change in the broadcaster's content strategy. She also chaired the Remuneration Committee during her tenure.

Her past appointments have also included: Director of the National Council for Voluntary Organisations; Director of the Runnymede Trust; the Lord Chancellor's Advisory Committee on Legal Education and Conduct; and member of the Arts Council.

Baroness Prashar was born in Kenya. She attended the Universities of Leeds and Glasgow. In recognition of her contribution to community relations, she was awarded a CBE in 1995 and given a peerage in 1999. She sits in the House of Lords as a Crossbencher.

Nationwide Building Society Non-Executive Directors

- David Roberts (Chairman)

- Lynne Peacock

- Mai Fyfield

- Rita Clifton CBE

- Baroness Usha Prashar

- Kevin Parry

- Tim Tookey

- Mitchel Lenson

About Nationwide Building Society

Nationwide is the world's largest building society as well as one of the largest savings providers and the second largest mortgages provider in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers and members. Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of contact centres across the UK.