Partner Article

NBS makes key changes at the top

NEWCASTLE Building Society has appointed a new chairman and deputy chairman following the retirement announcement in April of current chairman Chris Hilton, after nine years in the post.

David Holborn, who has been a member of Newcastle’s Board since 2003 and has held the role of senior independent director, will take over the role of chairman after Mr Hilton’s planned retirement on 31st December 2010.

Mr Holborn, 63, originally from Lincolnshire but has lived in the North East region for the last 16 years, is a former director for Lloyds Banking Group Northern region and has been a fellow of the Chartered Institute of Financial Services for 12 years and is a past president of both the Bournemouth and Newcastle upon Tyne centres.

In addition to this, Ron Mc Cormick has been confirmed as the deputy chairman, having been a non-executive on Newcastle’s board for more than three years.

Mr McCormick has held positions of both group finance director then group commercial director at Skipton Building Society until December 2005. He advises businesses within a range of sectors and has previous experience in KPMG.

Mr Hilton said: “After nine years as Chairman I was determined to ensure the Society benefited from a smooth and effective transition.

“I have worked with David on the Society’s Board for more than seven years and have first-hand experience of his knowledge and passion for Building Societies, our business and its future success.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .