Nationwide Building Society appoints Experian's Mike Rogers as its new chair
Nationwide Building Society has appointed Mike Rogers to replace Kevin Parry as its new chair this summer.Parry, who joined the board in 2016 and became chairman in 2022, is Nationwide's longest-serving director but will step down at the close of business on 15 July. Rogers, who has chaired Experian for seven years, will join Nationwide's board as an independent non-executive director and deputy chair on 1 April, before assumign the role of chair of Nationwide, Virgin Money and Clydesdale Bank on 16 July. The appointment will be subject to approval at Nationwide's Annual General Meeting on 15 July. Experian said it had started the process to appoint a successor to Rogers as chair, adding that it would provide an update once a decision had been made. Change at the top: Nationwide Building Society has appointed Mike Rogers as its new chairExperian shares fell 1.92 per cent or 66p to 3,378.00p on Thursday. Rogers said: 'I am honoured to be appointed as the Chair-elect of Nationwide Building Society. 'Nationwide has an important role as the UK's largest building society, and I have long admired its member-focused ethos. 'I look forward to working with my fellow Board members and the management team to build on Nationwide's strong performance, support its mutual values, and deliver long-term value to our customers, members and communities. Read More Nationwide promises to keep ALL branches open until at least 2030 in boost to high streets 'It is a privilege to have the opportunity to help steer the Society into its next chapter.' In a separate statement, Rogers said it had been a 'privilege' to work with Experian's board and leadership team, describing the firm's culture as 'outstanding and dynamic'. He added: 'I shall leave knowing that Experian is well-positioned for the next phase of its journey, and I would like to thank the board, the leadership team and all my Experian colleagues for their commitment and support.' Rogers previously served as chair of Aegon UK and was an independent non-executive director at NatWest Group. Between 2006 to 2016 he was chief executive of LV= Group. He was also previously a non-executive director of the Association of British Insurers and is currently the non-executive chair at Admiral Group. In December, Nationwide announced it had joined forces with Experian in a partnership aimed at speeding up the mortgage application process.Back in November, Nationwide vowed to keep its entire branch network open until at least 2030, giving a 'shot in the arm' to Britain's ailing high streets.The announcement from Britain's biggest building society bucks the trend that has seen more than two thirds of bank branches shuttered over the past decade.By the end of next year, around 6,731 branches will have disappeared, as major banks abandon customers on the high street.The building society recorded a statutory pre-tax profit of £486million for the six months to the end of September, down from £568million in the same period a year ago. Underlying pre-tax profit rose to £977million, from £959million the previous year.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
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Nationwide Building Society appoints Experian's Mike Rogers as its new chair
