Beverley Building Society

Deputy CEO announced

The chief executive of Beverley Building Society is stepping down following a period of significant growth at the organisation. Peter Myers will leave the Society at the end of the month as his five year improvement strategy comes to an end.

Janet Bedford, Finance Director and Deputy CEO
Janet Bedford, Finance Director and Deputy CEO

In 2016, it lent £24.4m, the largest proportion coming from the Yorkshire region. Speaking ahead of today's annual general meeting, Mr Myers said: "The AGM will deliver good news for our members.

"Profits before tax is £337,000 – the second highest in the last six years and continue to build the Society's strong capital position. In addition, loyal local savers have contributed to a 5 per cent growth in the Beverley's balance sheet."

Finance director Janet Bedford will now take the reins having been promoted to deputy chief executive.

Ms Bedford will lead the Society for an interim period until a new chief executive is announced in the summer, and will also head up a new mortgage proposition, focusing on first time buyers who will have access to mortgages at 95 per cent.

"Profits before tax is £337,000 – the second highest in the last six years and continue to build the Society's strong capital position. In addition, loyal local savers have contributed to a 5 per cent growth in the Beverley's balance sheet."

Finance director Janet Bedford will now take the reins having been promoted to deputy chief executive.

Ms Bedford will lead the Society for an interim period until a new chief executive is announced in the summer, and will also head up a new mortgage proposition, focusing on first time buyers who will have access to mortgages at 95 per cent.

Mr Myers said: "I am thrilled that Janet has taken the opportunity to become deputy, she is a great asset to Beverley and since her appointment in 2014, has driven a series of improvements around managing net margin, improving internal systems, IT and moving to a paperless office.

The main aim of this is to streamline our processes and service provision so that our counter and mortgage teams can spend more time providing first class customer service.

"Janet has agreed her plans with the board and we are certain the local property market will benefit from our new products."

Ms Bedford said:"The Society has grown and changed so much under Peter's leadership it is now in a position to have a broader executive base that will include myself as deputy, Mark Marsden as risk director and the new chief executive.

"I am thrilled with the opportunity and enjoy seeing our ideas come to fruition for the benefit of the Society, its members and stakeholders.

"Beverley Building Society has always had a good relationship with the local community, as we are based in the heart of the East Riding, and we take pride in considering each customer on their own merit."

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