Bath Building Society appoints new CEO as Kevin Gray steps down
Bath Building Society has promoted Chief Financial Officer (CFO), Richard Ingle, to be its new Chief Executive Officer (CEO), subject to regulatory approval.
Richard takes over from incumbent CEO Kevin Gray, who will retire from the Society at the Board meeting on 7th March 2024, after 25 years’ service.
Richard joined the Society as CFO and Board Member in 2022. He was previously CFO of the sustainable bank Triodos Bank UK Ltd and has held senior management positions at Nationwide Building Society and Bank of Ireland UK. In his role as a Board Director at Bath Building Society he has been responsible for managing and reporting the financial performance of the business, as well as managing Treasury, HR and Prudential Risks.
Richard said, “I’m honoured to be asked to take on the lead of the Society as we undertake our transformation programme to serve Members as a modern and sustainable mutual. I’m grateful to Kevin for bringing me into the Society as CFO and his wise and enjoyable counsel in the time we have worked together. I wish him all the very best for his future endeavours.”
Joanne Evans, Chair of Bath Building Society, added, “Kevin has made a huge contribution to the success of the Society over a long period of time and will be greatly missed by all his Board and Society colleagues.
“In order to find the most suitable successor as CEO, the Board has undertaken a comprehensive recruitment and selection process. Richard has played a significant part in the Society’s transformation programme over the past two years, and I am confident he will take this to the next level as our new CEO, enabling digitisation and other improvements to Member service, to support sustained growth in Society membership.
“On behalf of the Board, I want to take this opportunity to thank Kevin for his very significant contribution to the Society’s success over the last decades and we wish him every success in the future.”
A replacement for Richard’s vacated role of CFO and Board Member will be advertised shortly. An interim CFO will be appointed in time for Richard taking on his new responsibilities as CEO.
Pictured above: (left to right) Richard Ingle and the outgoing CEO of Bath Building Society, Kevin Gray
