Scottish Building Society CEO to step down

Scottish Building Society chief executive Mark Thomson

Scottish Building Society announced that Mark Thomson is stepping down from his role as chief executive after almost seven years.

“During his time with Scottish Building Society he has helped the Society embark on a significant change programme — this included growing the mortgage balances by 16% to a record £326m and the launch of online savings,” said Scottish Building Society.

Thomson said: “I am sad to be leaving such a great organisation and very much enjoyed my time here; however I am delighted that 2018 has been another successful year for the Society, which has also been our 170th anniversary.”

Raymond Abbott, chairman, said: ‘The board was disappointed to hear of Mark’s decision to step down from the role of chief executive.

“We are pleased that he has agreed to stay on until we recruit his successor, which we hope will be sometime in summer 2019.”