Notts.b/s.7 7/8 Regulatory News (NOTP)

Nottingham Building Society Appoints Robin Ashton as Chair of the Board

27 June 2024

Nottingham Building Society's Board is pleased to announce that Robin Ashton has been appointed Chair of the Board with effect from 1 July 2024. He succeeds Andrew Neden, who is stepping down and retiring after ten years on the Board, having served as Chair since April 2020.

Robin joined the Board of Directors in December 2023. He has enjoyed a successful and varied executive and non-executive career in financial services with a strong track record in leading transformative change and driving business growth in several different organisations.

He currently serves as Non-Executive Director and Chair of the Audit & Risk Committee at Domestic & General Group (since 2019) where he has overseen a period of expansion and digital transformation.

Former roles include:

· Chair of Leeds Building Society between 2013 and 2020 during which time the Society experienced significant asset growth whilst also making strategic investments in technology and digital services.

· Non-Executive Director, Senior Independent Director and Chair of the Remuneration Committee at Shawbrook Bank between 2011 and 2022 during which he oversaw a period of sustained growth.

As Chair of Nottingham Building Society, his experience will play a vital role in overseeing the Society's ongoing transformation journey, centred around its commitment to helping more people own their own home.

Andrew Neden, outgoing Chair, said, "I am delighted that Robin will be taking over as Chair of the Board. It's been a privilege to serve on the board for the last 10 years and as Chair since 2020.

"I would like to take this opportunity to thank the many colleagues and our members for their support. Since joining the Board in December Robin has proven his experience will be invaluable to Nottingham Building Society as it enters the next stage of its journey and I wish him and the team well."

Commenting on his new position, Robin Ashton said:

 "On behalf of the Board, I would like to thank Andrew Neden for his significant contribution to the Society since 2014, and in particular for his commitment and exemplary leadership as Chair over the past four years.

"Nottingham Building Society has a rich heritage and loyal customer base, and I see great potential for growth as we continue our transformation journey to serve better the needs of today's borrowers and savers. I am looking forward to working with CEO Sue Hayes and the team to help deliver our vision of increasing home ownership and continuing to provide an attractive savings proposition for our members."

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