John Goodfellow, chief executive of Skipton Building Society, has been elected chairman of the Building Societies Association for 2008/09. He replaces Iain Cornish, chief executive of Yorkshire Building Society, who has held the post for the past year.
Goodfellow, who became chief executive and director of Skipton Building Society in 1991, said: “The turmoil in the financial services market and the impact of the credit crunch provide an ideal opportunity for the building society movement. The fairness of mutuality and the inherent strength of our business models position us as the providers best placed to weather this storm.
“I am honoured to take the Chair for a second time, especially at such an important time for our industry. The building society movement has lasted over 230 years thanks to the core pillars of fairness for customers, prudence on behalf of customers and the trust of customers: I believe these are now more important than ever.”
Neville Richardson, chief executive of Britannia Building Society, has taken over as deputy chairman from Goodfellow.
Filed under: Financial
