This announcement contains
inside information for the purposes of Regulation 11 of the Market
Abuse (amendment) (EU Exit) Regulations
2019/310. With the publication of this
announcement, this information is now considered to be in the
public domain.
30 January
2024
YORKSHIRE BUILDING SOCIETY
ANNOUNCES CHIEF FINANCIAL OFFICER'S PLAN TO
RETIRE
Yorkshire Building Society has
announced today that their Chief Financial Officer (CFO), Alasdair
Lenman, plans to retire in June this year after seven successful
years with the Society.
Susan Allen, Chief Executive of
Yorkshire Building Society, said:
"I would like to thank Alasdair for
his outstanding contribution to the Society over the last seven
years. He has been CFO during a period of significant challenge as
we have addressed the complexities of the Covid Pandemic and a
period of historically low interest rates.
"During this period, our mortgage and
savings balances have increased to more than £45bn, we have
consistently paid higher than the market average rate to our savers
and delivered strong profitability."
"We are working with external
executive search partners to find a permanent successor to
Alasdair. In the meantime, I know colleagues will continue to
ensure everything we do is in the long-term best interest of our
members and customers."
Commenting on his time at Yorkshire
Building Society, Alasdair Lenman said:
"I have thoroughly enjoyed my time at
Yorkshire Building Society and it has been a great privilege to
have been CFO at a member owned mutual building society.
"Now is the right time for me to plan
my retirement, particularly when the society is in such good shape.
I would like to thank all my colleagues for their dedication and
hard work and know they will continue to put members at the heart
of everything they do."
ENDS
Notes to Editors
About Yorkshire Building
Society
Yorkshire Building Society has assets
of £62.2billion and nearly 3 million customers. Its subsidiary
companies include Accord Mortgages Limited.
For more information on Yorkshire
Building Society visit www.ybs.co.uk
For further media information please
contact:
Gary Brook, Senior Manager - External
Affairs
gbrook@ybs.co.uk