Business
Directorate change
Nationwide Building Society announced that Mike Rogers will succeed Kevin Parry OBE as Chair of Nationwide, Virgin Money, and Clydesdale Bank, with Rogers joining the board on April 1, 2026, and assuming the Chair role on July 16, 2026, following a handover period and AGM approval. Kevin Parry, who joined the board in 2016 and became Chairman in 2022, will step down on July 15, 2026. Rogers brings extensive financial services experience, including current Chair roles at Admiral Group PLC and Experian plc, and a prior executive career at Barclays and LV=. Disclaimer*
About this update from Nationwide Building Society
[{"type":"text","content":"\n\n \n \n \nNationwide Building Society\n \n8 January 2026\n \nNationwide Building Society (Nationwide), Virgin Money UK PLC (Virgin Money) and Clydesdale Bank PLC (Clydesdale Bank) Chair Succession Announcement\n \nNationwide Building Society (the \"Society\") is pleased to announce that Mike Rogers will succeed Kevin Parry OBE as Chair of Nationwide, Virgin Money and Clydesdale Bank. Mike Rogers will join the Board as an Independent Non-Executive Director and Deputy Chair on 1 April 2026 and, following a handover period, will assume the role of Chair on 16 July 2026 subject to Mike's appointment being approved at Nationwide's Annual General Meeting (\"AGM\") on 15 July 2026.\n \nKevin Parry, who is currently Nationwide's longest serving director having joined the Board in 2016 and succeeding as Chairman in 2022, will step down from the Board at the close of business 15 July 2026 following the 2026 AGM.\n \nMike Rogers brings extensive experience in financial services and a strong track record in leadership. He is currently Chairman of Admiral Group PLC, Chair of Experian plc and previously served as the Chair of Aegon UK PLC. Mike was an Independent Non-Executive Director at NatWest Group plc, Chair of its Group Sustainable Banking Committee and member of its Group Performance and Remuneration Committee. He was previously a non-executive director of the Association of British Insurers.\n \nOver a 30 year executive career in financial services, Mike Rogers has demonstrated expertise in UK Retail Banking, the Mutual Business Model, Risk and Governance and played key leadership roles including as CEO of LV= leading its transformation into a significant player in the general insurance and life and pensions markets. Mike previously spent 20 years with Barclays and held a number of senior roles including Managing Director of UK Retail Banking and Managing Director of Small Business Banking.\n \nThis breadth of experience, combined with his deep knowledge of financial services and commitment to customers, makes him well qualified to guide Nationwide's Board in the years ahead.\n \nTracey Graham, Senior Independent Director, who led the appointment process on behalf of the Nationwide Board, commented: \"After a rigorous search process, the Board is delighted to appoint Mike ...