Departing and New CEO at Dudley Building Society

25 April 2022

After ten years at the helm, Jeremy Wood will be stepping down as Chief Executive at this year’s Annual General Meeting. Two years ago, he signaled to the Board that he wished to retire in 2022.

Commenting on his retirement, Wood said: “It’s been an enormous privilege and we’ve come a long way in positioning Dudley as a really credible regional Society.”

For some time now, the Board has been conducting a search for a replacement and we are able to announce that the new Chief Executive will be James Paterson. James will join the Society in May and take over in July subject to regulatory approval.

James is currently the Director of Banking and Marketing at Secure Trust Bank, prior to which he held senior roles at Coventry Building Society. Throughout the recruitment process James demonstrated a clear understanding of all of the qualities required of a Chief Executive and a desire to build on our position.

Dudley’s Chair, Peter Hubbard said: “The Board is grateful to Jeremy for what has been achieved over the last ten years in particular helping us to reach more members than ever, and in later years ensuring we have been able to provide support to members during the pandemic. We remain excited about the future and in particular doing the best for our members. We are confident that James will continue to help us drive The Society forward.”