US EditionNationwide kicks off search for successor to chairman
- Nationwide, Britain's largest building society, has begun searching for a new chairman to succeed Kevin Parry in 2025.
- This search follows corporate governance guidelines that have 'timed out' Mr Parry, who has chaired Nationwide since 2022 and been on the board since 2016.
- Nationwide recently completed a £2.3bn acquisition of Virgin Money, marking its biggest takeover in 142 years, and employs over 18,000 people with more than 600 UK branches.
- A provocative advertising campaign launched last year sparked rival banking firms' fury and led to one banned ad that wrongly implied Nationwide did not close branches.
- Although Mr Parry is not expected to leave soon, Nationwide could confirm a succession plan at or before its July annual meeting while declining to comment on the ongoing search.
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Nationwide kicks off search for successor to chairman | Money News | Tech, Entertainment, Sport, Fashion, Travel News
Nationwide, Britain’s biggest building society, is kicking off a search for its next chairman, months after it completed the biggest takeover deal in its 142-year history. Sky News has learnt that Nationwide is working with headhunters to identify a successor to Kevin Parry, who has chaired the mutual since 2022. Mr Parry has been on the building society’s board since 2016, meaning he is ‘timed out’ under the corporate governance guidelines appl…
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