New management team at Britannia Building Society

Britannia Building Society has confirmed Neville Richardson as its new group chief executive.

Richardson succeeds Graham Stow, who becomes executive vice chairman pending his retirement in May 2003, following the completion of his year in office as chair of the national Building Societies Association.

Richardson was formerly deputy chief executive, and joined the society as group finance director in 1998.

Meanwhile former operations director John Suffolk becomes managing director, member business, responsible for running the core savings, investment, mortgage and home services business.

Gerald Gregory becomes managing director of Britannia Capital Investments Group, including Britannia International, Britannia Treasury Services, Commercial Lending, Platform, Verso and WMS.