Roy Spragg has been confirmed as Chairman of Teachers’ Building Society following the mutual’s Annual General Meeting (AGM) held on 29th April 2014.
Roy takes over from Kevin Richardson who has retired from the post after four years as Chairman and a further six on the Society’s Board of Directors. Roy joined the Board in 2009 and has enjoyed a long career in financial services, including Finance Director posts at Lloyds TSB and Liverpool Victoria (now LV=).
“I look forward to taking on the role of Chairman of Teachers’ Building Society,” Roy says. “I believe that Teachers’ has a unique role to play in the provision of financial products aimed primarily at teachers and Wessex residents and I am confident that we will achieve our plans for growth over the coming years. I take over the reins after a record year for mortgage lending and I’d like to take this opportunity to thank Kevin Richardson for his decade of service at the Society.”
Founded in 1966, Teachers’ Building Society has enjoyed continued strength, reporting both an increase in lending and an increase in profit in 2013. While the continuation of the record-low Bank of England Base Rate and increasing regulation are among the challenges facing all financial services organisations, Teachers’ Building Society is determined to remain an independent mutual organisation, committed to helping teachers and education professionals and residents of Dorset, Hampshire and Wiltshire with their mortgage needs.
Roy continues, “The team at Teachers’ Building Society provides a level of service that has disappeared from many similar organisations and I aim to ensure that this continues as we grow.”
At the AGM, the Society’s members also elected Angela Evans, who joined Teachers’ in July 2013 to take up the post of Finance & Operations Director, and re-elected Chief Executive James Bawa and Non-executive Director Martin Reed.