The Chief Financial Officer at Bath Building Society is set to be promoted to become Chief Executive Officer, subject to regulatory approval.
Richard Ingle will take up his new role later this year | Photo courtesy of Bath Building Society
Richard Ingle will be taking over from current CEO Kevin Gray, who will retire from the Society on 7th March 2024, after 25 years of service.
Richard joined the Society as Chief Financial Officer (CFO) and Board Member in 2022.
He was previously CFO of the sustainable bank Triodos Bank UK Ltd and has held senior management positions at Nationwide Building Society and Bank of Ireland UK.
In his role as a Board Director at Bath Building Society, he has been responsible for managing and reporting the financial performance of the business, as well as managing Treasury, HR and Prudential Risks.
Richard said: “I’m honoured to be asked to take on the lead of the Society as we undertake our transformation programme to serve Members as a modern and sustainable mutual.
“I’m grateful to Kevin for bringing me into the Society as CFO and his wise and enjoyable counsel in the time we have worked together.
“I wish him all the very best for his future endeavours.”
Joanne Evans, Chair of Bath Building Society, commented: “Kevin has made a huge contribution to the success of the Society over a long period of time and will be greatly missed by all his Board and Society colleagues.
“In order to find the most suitable successor as CEO, the Board has undertaken a comprehensive recruitment and selection process.
“Richard has played a significant part in the Society’s transformation programme over the past two years, and I am confident he will take this to the next level as our new CEO, enabling digitisation and other improvements to Member service, to support sustained growth in Society membership.
“On behalf of the Board, I want to take this opportunity to thank Kevin for his very significant contribution to the Society’s success over the last decades and we wish him every success in the future.”
A replacement for Richard’s vacated role of CFO and Board Member will be advertised shortly.
An interim CFO will be appointed in time for Richard to take on his new responsibilities as CEO.
