Hanley Economic Building Society has appointed Ian Henley to succeed Nick Jordan as chair.
Henley will take up the new role from the start of January, subject to regulatory approval.
He is currently chair of the risk committee and has more than 40 years of experience in banking and financial services.
Henley’s previous senior leadership roles mean he has expertise in governance, risk management and strategic oversight.
Jordan is stepping down at the end of this year after eight years in the role at Hanley.
He says: “During this period, we have achieved significant growth, undertaken a fundamental review and focus of our business, and delivered an extensive programme to increase our outreach and support for local communities.
“I wish The Hanley every success in continuing to deliver on its core purpose and am confident that it remains in the safe hands of the executive team and the board.”
Henley says: “It’s a privilege to be appointed chair of an institution that has been part of the fabric of this community for more than 170 years.
“Under Nick’s leadership, the society has been transformed and is in a strong position to continue serving its members and the region for many years to come.
“I look forward to working with the board and executive team to build on this strong foundation and further enhance the society’s contribution to its members and the communities it serves.”
