Chief executive of Darlington Building Society Colin Fyfe is to take on the lead role at Hinckley and Rugby Building Society.
Fyfe (pictured) will make the move later this year, taking on the chief executive role at Hinckley and Rugby, replacing Chris White, who has been in the role for 30 years and will retire early next year.
Fyfe took up the role at the Darlington in 2014, following the retirement of former chief David Dodd.
He will become the ninth chief executive at Hinckley and Rugby in its 153 year existence.
Hinckley & Rugby chairman Colin Franklin says: “After a very detailed selection process, the board was united that Colin Fyfe would make an ideal new chief executive.
“We are confident Colin has the vision, skills and experience to build on the very successful tenure of Chris White who has led the Society for more than a decade, including through the challenging period of the credit crunch and its aftermath.”
Along with his time at Darlington, Fyfe has also worked at Clydesdale Bank, National Australia Bank and Yorkshire Bank.
He says: “I am delighted to have been selected by Hinckley & Rugby Building Society’s board to lead the business into its next phase.
“The foundations created by Chris White and the team are strong and it will be an honour to serve the members and support the local communities.”
Chris joined Hinckley & Rugby in 1989 and became financial director in 1993 before being appointed chief executive in 2007.
He says: “It has been an honour and a privilege to have had the opportunity to serve the Society as chief executive. I am delighted that the board has appointed Colin as my successor.
“I am confident that he shares the board’s vision of what makes a great building society and will continue to ensure that the society’s members remain at the heart of its business strategy.”