‘This AGM marks the end of my third year as Chair of your Board. I have been honoured to undertake this role for an organisation that is so dedicated to its members, customers and community. 2024 was a historic year for the Society marking both its 140th anniversary and the transformational acquisition of The Co-operative Bank. As we promised at last year’s AGM, our priorities this year have been delivering value and security to savers, offering competitive mortgage rates, maintaining our exceptional record in customer service and modernising the business to keep it relevant to existing and future members by investing in our long-term future. Providing support to the communities we operate from was also a constant during the year.
We have tried hard to strike the right balance between all these competing priorities. Thank you for all your support and loyalty over the last 12 months.’
David Thorburn
Chair of the Board
Appointed to the Board
April 2022
Committee membership
Chair of the Board and the Nominations & Governance Committee. Member of the Remuneration Committee and Non-Executive Directors’ Remuneration Committee.
Experience
David has over 40 years’ experience in the banking industry, including four years as Chief Executive of Clydesdale and Yorkshire Banks. Prior to joining the Society, David held a number of Board positions including Non-Executive Director at Barclays Bank UK plc where he chaired the Board Risk Committee. David was an External Member of the Bank of England’s Prudential Regulation Committee. David is also a former Board member of the British Bankers’ Association, former Chair of the Confederation of British Industry in Scotland and former President of the Chartered Institute of Bankers in Scotland. David’s previous roles also include Independent Non-Executive for the EY Global Network, member of its Global Governance Council and former Chair of Ernst & Young LLP Audit Board.
External appointments
None.
‘This AGM marks the end of my third year as Chair of your Board. I have been honoured to undertake this role for an organisation that is so dedicated to its members, customers and community. 2024 was a historic year for the Society marking both its 140th anniversary and the transformational acquisition of The Co-operative Bank. As we promised at last year’s AGM, our priorities this year have been delivering value and security to savers, offering competitive mortgage rates, maintaining our exceptional record in customer service and modernising the business to keep it relevant to existing and future members by investing in our long-term future. Providing support to the communities we operate from was also a constant during the year.
We have tried hard to strike the right balance between all these competing priorities. Thank you for all your support and loyalty over the last 12 months.’
