LONDON - Leeds Building Society, the UK's fifth-largest building society, has announced upcoming changes to its Board of Directors. Gareth Hoskin is set to retire from the Board on March 31, 2025, after serving for more than nine years. Subsequent to his departure, Annette Barnes, currently the Chair of the Remuneration Committee, is poised to become the Senior Independent (LON:IOG) Non-Executive Director from April 1, 2025, pending regulatory approval.
In addition, Farah Buckley, who joined the Society as a Non-Executive Director in April 2023, is expected to assume the role of Chair to the Audit Committee and take on the responsibilities of Whistleblowing Champion from April 1, 2025, also subject to regulatory approval.
Leeds Building Society, which has assets totaling £30 billion and a membership base of 945,300 as of June 2024, operates with a network of 50 branches across the UK and employs over 1,800 individuals. The Society has a history dating back to 1875 and focuses on helping people save money and buy their own home. It has supported over 70,000 first-time buyers in joining the housing ladder since 2020.
The Society has also committed to an environmentally conscious transition, aiming for a 60% reduction in its scope 1 and 2 location-based emissions by 2030, in line with the UK's net zero commitments.
These directorate changes are part of the Society's ongoing development, which has been recognized with several awards, including Best Shared Ownership Mortgage Lender at the 2024 What Mortgage Awards and the "Leading With Purpose Award" at the 2023 Business Culture Awards.
The information in this article is based on a press release statement from Leeds Building Society.
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