Principality Building Society Directorate Change (9575Y)
11 Mai 2023 - 10:00AM
UK Regulatory
TIDM10AI
RNS Number : 9575Y
Principality Building Society
11 May 2023
Media release
Principality appoints highly experienced finance leader to its
Board
Principality Building Society has appointed experienced
financial leader Shimi Shah to be a non-executive director of its
Board.
Shimi started out in project finance covering Africa and Asia,
with Citigroup, and then went onto spend over 20 years in venture
capital and private equity managing and investing assets over $1bn
in the UK, US and the Middle East.
She has chaired and served on a large number of boards in
diverse industry sectors, including The Royal Mint based in Wales.
Shimi was also involved from an early stage on the board of BBOXX
that has now powered more than 300,000 homes in East Africa
providing more than 1.5m people with energy.
Sally Jones-Evans, Chair of the Board at Principality Building
Society, said: "Shimi has outstanding experience and is an exciting
addition to the Board of Principality. As we look to become a more
diverse and inclusive organisation, Shimi brings a wealth of
expertise in this area."
Shimi said: "It is a privilege to join Principality on its
journey to be a more purposeful and inclusive organisation for its
members across Wales and the UK. I look forward to helping with the
continued success of growing the business and making a positive
impact for our communities."
Principality said farewell to non-executive director Derek
Howell, who left the Board after serving for nine years.
Sally Jones-Evans said: "We would like to thank Derek for all
his hard work as a valued member of the Board at Principality and
wish him all the best for the future."
ENDS
-- Formed in 1860, Principality is Wales's largest building society.
-- The Society is committed to supporting the communities of
Wales, with 53 branches and 14 agencies in Wales and the
borders.
-- Principality is the 6th largest building society in the UK.
-- The Society has assets of over GBP11.5bn
-- www.principality.co.uk
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END
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