Elcock (pictured) joined the Suffolk mutual’s board in 2015 as a non-executive director and has previously worked at Barclays, Coventry Building Society, Charter Court Financial Services Group and One Savings Bank.
In 2006, he founded Cornhill Consulting to provide specialist risk advice to banks and building societies. He holds an MBA in banking from the University of Exeter.
Elcock said: “I am honoured by the confidence the board of directors has placed in me. I would like to thank Alan for his support and collaboration during this well-prepared transition and I look forward to working closely with the board and the executive management team in tackling the current challenges of our times and steering the Society forward for the benefit of our members.”
Suffolk: ‘Elcock passionate about the mutual model’
Richard Norrington, the Suffolk Building Society chief executive, said: “Not only does Peter have a deep understanding of risk, regulation, and compliance but culturally he is also the right person to take the Society forward.
“He is passionate about the mutual model, its values, and the safety and security it brings to members.”
Discussing the contributions of Harris, Norrington commented: “The Society is hugely grateful to Alan for his outstanding work over the last decade. He has supported the Society in navigating numerous events including the Coronavirus pandemic and, most recently, the Society’s successful rebrand. We wish him a very happy and relaxing retirement.”
