Nationwide Building Society has unveiled a significant leadership transition that will shape the future of the UK's largest mutual, along with Virgin Money and Clydesdale Bank PLC.
A Seamless Leadership Handover
Mike Rogers is set to take over as Chair from Kevin Parry OBE, who will retire from the Board after the 2026 Annual General Meeting. Rogers will first join the Board as an Independent Non-Executive Director and Deputy Chair on 1 April 2026. His formal appointment as Chair is scheduled for 16 July 2026, pending shareholder approval at the Society's AGM on 15 July.
Praise for Outgoing and Incoming Leadership
Tracey Graham, the Senior Independent Director who led the appointment, praised the selection. She stated that Rogers' extensive industry experience and leadership credentials perfectly matched Nationwide's mutual values. The Board is confident he will provide the strategic guidance needed for continued success.
Graham also thanked Kevin Parry for his enormous contribution. Parry, the Society's longest-serving director having joined in 2016 and becoming Chairman in 2022, was instrumental in transforming its strategic direction and delivering record member value.
Confidence in the Future Strategy
Kevin Parry expressed his full support for the Board's decision, stating he is very pleased with the choice of Mike Rogers as his successor. He highlighted Rogers' wealth of experience and relevant perspective.
Parry expressed confidence that under Rogers' leadership, Nationwide would continue its high-performance culture. He expects the Society to deliver member benefits not only from its core strengths in mortgages, savings, and current accounts but also from newer areas like unsecured lending and business banking, bolstered by the Virgin Money acquisition.
Incoming Chair-elect Mike Rogers said he was honoured by the appointment. He admired Nationwide's member-focused ethos and looked forward to working with the Board and management to build on its strong performance, support its mutual values, and deliver long-term value to customers, members, and communities.
The announcement marks a planned and orderly transition for one of the UK's most prominent financial institutions, ensuring stability as it moves into its next chapter.
