Outgoing CEO, Mike Regnier, who is leaving to become Santander UK’s new chief executive officer, will work with White to ensure a smooth transition before he leaves at the end of the year.
John Heaps, chairman of Yorkshire Building Society, said: “I would like to thank Mike for his outstanding contribution to the Society over the last seven years.
“He has led the Society superbly through a period of significant challenge as we have addressed both the transformation to a more digitised world and the complexities of the COVID Pandemic.
“Our performance this year, including the results at the half year showing strong growth in both mortgages and savings, strong profitability and over £40m of additional value passed back to our members, is a proper reflection of how well the Executive has performed under Mike’s leadership.
“I am pleased that Stephen White, who is currently our chief operating officer, will take over as interim CEO.
“Stephen has more than 25 years of experience in financial services across the UK, Ireland and Australia, and has been with the Society almost six years. Stephen will ensure we continue to help real life happen for our members and build on the Society’s success of over 155 years.
“We are working with external executive search partners to find a permanent successor to Mike and anticipate there will be a number of very strong candidates.”
Both appointments are subject to regulatory approval.
