Newbury Building Society has promoted its operations and sales director, Phillippa Cardno, to be the society’s new chief executive officer.

Cardno takes over from Roland Gardner, who has retired from the role after leading the society for the last 15 years.

After joining the society in 1996, Cardno was appointed to the Board of Directors in 2015. In her role as an executive director of the business, she has been responsible for operational strategy and performance including sales and marketing, underwriting and lending policy, as well as the society’s IT function.

Cardno said: “I’m both delighted and honoured to be asked to lead Newbury Building Society in the next phase of its growth and development.

“The society has a history stretching back 165 years and it is very much my aim to ensure the society continues to deliver savings and mortgage solutions for our members. I look forward to continuing to work closely with the board, society colleagues and members to achieve our strategic objectives and strengthen further our status as a mutual financial provider of choice.”

Chairman, Piers Williamson, added: “Phillippa is taking up the helm of a successful and strong Building Society, a testament to the outstanding contribution that the long-established executive team have made in the last decade or so.

“Phillippa has been very much at the core of the society’s development during this period, and I have no doubt she will take this to the next level as our new CEO.”

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