Monmouthshire Building Society appoints chairman
Newport-headquartered Monmouthshire Building Society has announced its successor to chairman Robert Williams.
Haydn Warman has been appointed to the role, having joined the board of directors as a non-executive director in 2010 before becoming vice chairman in 2012.
Cardiff-born Warman has more than 29 years' senior management and board experience in the building society sector.
Paul Sheppard, who was appointed as a non-executive director in 2005, has been named as vice-chairman.
Warman said: "As chairman, I will continue to put the interests of our members at the forefront of all our business activity. As an independent mutual organisation, it is vital we continue to deliver competitive products and a first rate service to our customers, while maintaining prudent management to allow the Society to continue to flourish.
"I would personally like to pay tribute to Robert Williams whose leadership has helped steer the Society’s to the position of fifteenth largest building society in the UK, complemented by considerable expansion of our branch and agency network."
Williams said: "I'm delighted that Haydn has been elected to succeed me as chairman. With his extensive legal background, allied to his comprehensive understanding and experience of the building society sector, the board is confident that his ongoing contribution will continue to strengthen the society's strategic position."
The appointment comes after the society experienced 10.3 per cent growth in the year to 30 April 2014, while pre-tax profit hit £4m.
In September 2014, the society reached in £1bn in assets.