Nationwide Building Society has announced that Mike Rogers will succeed Kevin Parry OBE as chair at Nationwide, Virgin Money and Clydesdale Bank.

Rogers will join the board as an independent non-executive director and deputy chair on 1 April, and following a handover period, will assume the role of chair on 16 July. His appointment is subject to approval being granted at Nationwide’s AGM on 15 July.

He has over 30 years of financial services experience and a track record in leadership. He is currently chairman at Admiral Group, chair at Experian and previously served as the chair Aegon UK.

Rogers was an independent non-executive director at NatWest, chair of its group sustainable banking committee and member of its group performance and remuneration committee. He has also served as chief executive officer at LV= and spent 20 years at Barclays.

Senior independent director at Nationwide, Tracey Graham, said: "After a rigorous search process, the board is delighted to appoint Mike Rogers as our next chair. He stood out as an ideal candidate, with extensive industry experience and strong leadership credentials that align with Nationwide's mutual values. The board is confident that Mike Rogers will provide the strategic guidance and stewardship needed to continue our success.

"On behalf of the board I would also like to thank Kevin Parry for the enormous contribution he continues to make to the success of Nationwide. Kevin has been instrumental in transforming the strategic direction of the society, delivering record member value, leading customer service, and in advancing the mutual sector. He is an excellent chairman, and we wish him well for when he retires from the board in July."

Rogers added: "I am honoured to be appointed as the chair-elect of Nationwide. Nationwide has an important role as the UK's largest building society, and I have long admired its member-focused ethos.

"I look forward to working with my fellow board members and the management team to build on Nationwide's strong performance, support its mutual values, and deliver long-term value to our customers, members and communities. It is a privilege to have the opportunity to help steer the society into its next chapter."

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