Broadley was appointed as chief commercial officer in 2022 with a remit to oversee and manage the society’s commercial operations.

He has more than 20 years of experience in the financial services sector, predominantly in the mutual sector.

Previously, he has held senior leadership roles with Yorkshire Building Society and Tenet & You and was a non-executive director for Leeds City Credit Union where he provided strategic leadership and guidance.

Broadley takes the mantle from former CEO Chris Harrison, who leaves the role to take retirement.

Harrison led the society for over eight years, having joined from insurance giant, Assurant Europe.

Harrison says: “It’s been a privilege to guide Furness for the past eight years and be part of a team of incredibly talented people who have transformed the organisation into a modern-day building society for the future.”

“I’m personally delighted that Simon will drive the next phase of development. He will be an excellent leader for our people and will ensure a positive outlook for our members and communities.”

Broadley adds: “I’m very proud to take the position of CEO at Furness Building Society, having been part of the leadership team for nearly three years. During this time we’ve continued to evolve as a building society that always puts people first, which is reflected in our approach to mortgage underwriting and means we’ve helped countless people secure mortgages when other lenders were unable to do so.”

“Working with Chris Harrison has been the best grounding to succeed him as CEO, and I wish him well in his retirement.”