Nationwide Ccds Regulatory News (NBS)

2 September 2019

Nationwide Building Society announces Non-Executive Director changes

After more than eight years on the board, Lynne Peacock, Senior Independent Director and Chair of the Remuneration Committee, will retire from Nationwide at the end of 2019. Lynne will be succeeded as Chair of the Remuneration Committee from 16 September by fellow non-executive director, Mai Fyfield. Mai has been on the board for four years and has been a member of the Remuneration Committee for the last 12 months. She was previously Chief Commercial and Chief Strategy Officer at Sky. The appointment of the Society's Senior Independent Director will be announced closer to the date of Lynne's retirement.

In addition, Nationwide Building Society welcomes Phil Rivett to the board as a non-executive director with effect from 1 September. Phil spent more than 40 years at PricewaterhouseCoopers, retiring from his role as Chairman of Global Financial Services last year.

David Roberts, Chairman of Nationwide, said: 'Ensuring we have different perspectives around our board table can only strengthen our position to serve members now and in the future. We're very grateful for the insight and experience that Lynne has brought to this role and we wish her all the very best for the future. She has made an outstanding contribution to the development of the Society.

'I'm looking forward to welcoming Phil to the board and to working with Mai in her new role as Chair of the Remuneration Committee. We work very closely together as a board to set clear strategy and direction for the Society and I know that Phil and Mai will both play key roles in this.'

-Ends-

For further information, contact:

Dale Bihari, 07881 037945, dale.bihari@nationwide.co.uk

Notes:

Mai Fyfield biography

Mai is an economist who spent 20 years at Sky, most recently as Chief Commercial and Chief Strategy officer, advising the CEO and Board. She has been on the Nationwide board for four years and in the last year has been a member of the Remuneration Committee as well as representing the Voice of the Employee at the Board. She is a non-executive director of Roku Inc and a non-executive director of BBC Commercial Holdings Ltd.

Phil Rivett biography

Phil is a chartered accountant who recently retired after a forty year career at PricewaterhouseCoopers. He has been a senior partner in financial services for much of that time most recently as Chairman of the Global Financial Services Group and prior to that as Leader of Financial Services Assurance. He is an experienced advisor to major financial services providers in the UK and on a global basis.