THE CHAIRMAN who steered Yorkshire Building Society through the global economic crisis is to stand down after eight years in the post.
Ed Anderson will be replaced by John Heaps, a high-flying corporate lawyer, in April 2015.
The former airport chief oversaw successful mergers with smaller societies in the aftermath of the credit crunch.
Lynne Charlesworth, vice chairman of Yorkshire Building Society, said: “Under Ed’s leadership the society has completed a number of mergers and acquisitions, with its assets growing from £20bn to in excess of £35bn.
“Throughout this time Ed has provided outstanding leadership and helped to successfully steer the organisation through the recession and global economic crisis.
“I would like to take this opportunity to thank Ed for his excellent leadership and contribution to the society and wish him well for the future.
“I am delighted that John has accepted the role of chairman. He has the experience and skills required to chair the board of a large organisation operating in a highly regulated industry.
“This combined with his proven track record for innovation and successful strategic leadership, makes him the ideal candidate to take the society forward.”
Mr Heaps, a Yorkshireman, was formerly chairman of Eversheds.