Julie-Ann Haines will step down as chief government of Principality Building Society to get replaced by the chief monetary officer on the largest mutual in Wales.
The society’s board has appointed finance head Iain Mansfield (pictured) as chief government designate from subsequent Monday, with a date in November to be agreed on for a proper transition.
Mansfield has been the mutual’s chief monetary officer since 2022 and a member of the board since 2019.
Haines had labored for Principality for 18 years and was appointed to the board in 2016, earlier than main the enterprise in 2020.
During her time on the helm, she steered the enterprise by way of the pandemic and served on the Prime Minister’s UK Business Council.
She leaves to take up a brand new function, which is but to be introduced.
Principality chair Simon Moore says: “We are grateful for her efforts, and need her each success in her new function, which she’s going to begin in the course of 2026.”
Mansfield, earlier than becoming a member of Principality eight years in the past, was managing director at Nemo Personal Finance for a decade. He has additionally held senior roles at Barclays and Lloyds Bank.
Moore provides: “It is evident that the breadth and depth of his experience and expertise are precisely what the society must take ahead our bold technique.”
Mansfield says: “Julie-Ann leaves the society in a robust place, and I stay up for working with the Board, colleagues and Members to speed up our transformational journey to make sure we’re match for the following era.”
Principality has belongings of £14.1bn and has 54 branches and 16 businesses in Wales and the borders.
