The Coventry Building Society has confirmed the appointment of Gary Hoffman as non-executive director and chair, following approval from the Prudential Regulation Authority (PRA).
He will join the board on 26 April 2018. It is intended that Peter Ayliffe, interim chair, will resume the role of deputy chair at the same time.
Alongside serving as chair of Coventry Building Society, Hoffman (pictured) will remain on the board of Hastings Group Holdings plc where he will become non- executive chairman in May 2018.
Ayliffe said: “I am delighted to announce Gary’s appointment as chairman of Coventry Building Society. He has held senior roles in financial services from early in his career and his extensive experience will be invaluable as the Society continues to grow and develop as the UK’s second largest building society.
“He combines a straightforward and pragmatic approach with a commercial understanding underpinned by a commitment to people and service. These values are very much the values of the Coventry and I’m sure that under Gary’s leadership the Society will continue to grow safely and securely for the benefit of our members.”
Hoffman said: “This is a wonderful opportunity for me. Being from the city, I’ve known Coventry Building Society all my life and seen it grow as a successful, member-focussed modern mutual. I’m delighted to be a part of its future and help it deliver the same qualities of value and service in a rapidly evolving financial services market. I strongly endorse the Society’s consistent focus on ‘Putting Members First’. It will be an honour to serve as chairman of this great organisation.”