"It is a great honour and privilege to be appointed as CEO of the Principality Building Society which has a fantastic heritage of 156 years as a member-owned organisation."
Steve, who joined the Society in 2011, is currently the Group Finance and Transformation Director. Steve and outgoing CEO Graeme Yorston, who announced his decision to step down last August, are working through a transition period with Steve expected to begin his role in early March.
Principality Chairman, Laurie Adams, said: “After a rigorous selection process, I am delighted to announce Steve as our new CEO. His commitment to our mutual values, invigorating leadership, financial and commercial acumen will help ensure he builds on the Society’s success.
“During his time at Principality Building Society, he has played an important role in keeping the Society safe during some difficult economic conditions. He is the right person to ensure we continue to deliver long term value and excellent service to both existing and future members.
“I would like to take this opportunity to thank our outgoing CEO Graeme Yorston. Graeme has led this business through a hugely successful period and he exemplifies the mutual sector values. I am extremely grateful for all that he has done for this business over the past 10 years and more recently as CEO.”
Steve said: “It is a great honour and privilege to be appointed as CEO of the Principality Building Society which has a fantastic heritage of 156 years as a member-owned organisation. Our dedicated colleagues throughout the group have our Members and customers at the heart of everything they do. Building on our financial strength we will seek to invest in our business and it will continue to be run for the benefit of our Members.
“I am looking forward to working with the board, our leadership team and colleagues as we continue to build on our strong performance.”
