DAVID Cutter, group chief executive of Skipton Building Society, is to stand down after almost 30 years with the business, it has been announced today.

Mr Cutter, group chief executive for the last 13 years, will step down from his role at the annual general meeting in April, in a joint agreement between him and the board of Skipton Building Society.

It follows a period of considerable progress says the building society, which is based at The Bailey, Skipton.

It expects strong financial performance in 2021, a year which was also marked by the successful acquisition of Countrywide plc by Connells Ltd, creating the UK’s largest estate agency network.

The business says its board is now initiating a process to appoint a high calibre successor with the requisite blend of experience and expertise to lead the society into the future as it builds on its strong financial position, diversified business model and 'compelling customer proposition' to continue to deliver for its members.

Robert East, chair of Skipton Building Society said: “David has made an outstanding contribution as group chief executive for the last 13 years and during his 28 year career with the society.

"He has led the society out of the challenges of the global financial crisis, through Covid and the transformative acquisition of Countrywide Plc by Connells to the robust financial health we enjoy today.

“The growth in membership, savings balances and mortgage lending through David’s tenure show his focus and dedication to serving and delivering for our members.”

David Cutter said:“It has been a privilege to lead Skipton and I am extremely proud of all that we have achieved.

"After almost 30 years with the society, and over 22 years on the board, having completed the acquisition of Countrywide and with an expected strong financial performance in 2021 against the backdrop of the pandemic, the board and I have agreed that I will step down from my role at the Annual General Meeting.

“In the meantime, it’s business as usual as the society continues to help more people have a home, help people save for their life ahead, and support long term financial wellbeing."