Malcolm McCaig, independent non-executive director of OneSavings Bank plc (OSB), will be stepping down from the board with effect from 31 December 2016.
McCaig joined Kent Reliance Building Society as a director in 2009 and was appointed to the board of OSB in 2010. He was chairman of Kent Reliance Building Society and subsequently OSB and Kent Reliance Provident Society until 2012.
McCaig has taken the decision to step down from the board of OSB after seven years with the business to focus on his other non-executive roles.
Mike Fairey, OSB chairman, said: “I would like to thank Malcolm for the enormous contribution he has made to the success of OneSavings Bank over the past seven years, and wish him well in all his future ventures.”
The company also announces that, completing the review of the composition of its committees in which Eric Anstee took over as chairman of the audit committee from Graham Allatt and Graham Allatt as chairman of the risk committee from Rod Duke on 1 January 2016, the chairman of the nomination and governance committee will with effect from 12 April 2016 change to Rod Duke (senior independent director) from Mike Fairey.