Beverley Building Society has announced the appointment of Janet Bedford as its new chief executive officer.
Bedford (pictured), formerly deputy chief executive, succeeds Karl Elliott, who led the society for five years. Her appointment is subject to regulatory approval.
Stuart Purdy, chairman of the Beverley, said: “Karl was a much-valued CEO and we thank him for his service and leadership of the Beverley Building Society.
“The board is delighted to have selected Janet to lead us forward in our ambitious plans. These include further strengthening our position as lender of choice for our local members in Beverley, Hull and surrounding area, and across the country, who are attracted to the Beverley’s outstanding service and mortgage underwriting capability. Our loyal savings members, meanwhile, value the security and service the Beverley provides.”
Bedford joined the Beverley board in 2014 and, during her time as finance director, helped the society build its level of profitability, capital and liquidity, cumulating in 2021 performance which saw the mutual’s profit levels reach their highest point in the last decade.
She was promoted to deputy CEO in 2017. Her career includes 12 years at the global payments provider RBS WorldPay, where, among other things, she was financial controller for the UK and European businesses and projects and acquisitions.
Bedford said: “I am really excited to take Beverley Building Society forward as its new CEO, and I am extremely passionate about continuing our team’s great work. We intend to continue to build our reputation as an innovative mutual, offering genuinely outstanding customer service.
“We’ve come through the challenges of the pandemic with new learnings and confidence in our adaptability and resilience, thanks to our outstanding team. We know that current and future members need our help more than ever when it comes to getting a mortgage, particularly the increasing number of people whose circumstances are just that little bit more complex.
“The Society’s strong capital position and investment in new capability throughout the business means we are well placed to continue to deliver great customer service, support our savings members and help mortgage customers with innovative and competitive mortgages. Our team of experienced mortgage advisors take the time to listen and understand each individual case, doing their best to help wherever possible.”
Janet officially takes up her position at the Society’s AGM, which is taking place in Beverley this evening.
In addition, Oliver Laird joins the Beverley board as a non-executive director and, subject to regulatory approval, chair of the Society’s audit committee. He is the chief finance officer of Lookers PLC, an automotive business based in Altrincham.