The appointment, which is effective from 1 September this year and subject to regulatory approval, will see Fearon take over as senior development director from Peter O’Donnell, the chair of the Audit Committee and interim senior independent director. O’Donnell will continue to chair the Audit Committee and sit on the firm’s board.
Fearon has over 20 years of experience in executive and board-level roles within the UK’s banking and mutual spaces.
Previously, he was at Leeds Building Society for 10 years, serving in executive positions including CEO, deputy chief executive and chief commercial officer. Prior to that, Fearon occupied senior roles at Lloyds Banking Group, alongside serving on the main board of UK Finance, chairing both the Audit & Risk Committee and the Mortgage Board.
Robin Ashton, chair of Nottingham Building Society, said: “We are delighted to welcome Richard to the board of Nottingham Building Society. He brings extensive leadership experience from across retail banking and the mutual sector, alongside deep knowledge of mortgages and savings, and a strong track record in transformation and governance.
“Richard’s appointment as senior independent director will add significant strength to our board as we continue to deliver our strategy as a modern, member-owned organisation.”
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Fearon (pictured) added: “I am delighted to be joining the board of Nottingham Building Society and to take on the role of senior independent director later this year. Nottingham has a strong mutual heritage and a clear commitment to serving members in a responsible and sustainable way.
“I have watched the society’s transformation with real interest over recent years and admire its strong sense of purpose and ambition. I look forward to working with the board at this important stage in the society’s evolution.”
In February, Fearon was appointed non-executive director of Together.
