Aelodau ein Bwrdd

Caiff Cymdeithas Adeiladu Principality ei rhedeg gan yr uwch dîm rheoli, a gaiff ei oruchwylio gan y bwrdd cyfarwyddwyr.

Fel cymdeithas gydfuddiannol flaengar, gyda threftadaeth hir a dibynadwy, mae gan y Principality Fwrdd cryf gydag amrediad eang o sgiliau a phrofiad. Mae’r wybodaeth a’r arbenigedd yma yn galluogi’r Bwrdd i adeiladu ar sylfeini cryf y Principality a gwella’r difidend i Aelodau.

Laurence Philip Adams MA, (age 60), Chairman, Non-Executive Director

Laurence Philip AdamsI was appointed a Non-Executive Director of the Society in August 2013 and was elected Chairman in April 2014. I am also a member of the Remuneration and Governance and Nominations Committees.

I have more than 25 years’ experience in the banking industry, to help advise and guide the Society through the increasingly demanding and complex regulatory environment in which it now operates. Most recently I have been involved as a Non-Executive Director helping to rescue the troubled Northern Rock PLC in 2007 where I headed the Risk Committee.

I am a qualified solicitor and previously served as Managing Director and Global Head of Legal and Compliance for the investment banking wholesale division of ABN Amro Bank and had a similar role for Citibank.

Born in 1956, I lived in Neath until I was five before moving to Barry where I went to school. I currently live in London with my wife and two children. I am a Non-Executive Director of Novae Group PLC and of Exane Limited.

Nigel Charles Annett CBE, MSC, MA [Hons], DSC Econ, (age 58), Non-Executive Director

Nigel Charles AnnettI joined the Board of Principality as a Non-Executive Director in October 2013. I now serve as Chairman of the Customer and Conduct Committee of the Board and also serve as a member of the Remuneration, Governance and Nominations and the Audit Committees. As Chair of the Customer and Conduct Committee I am responsible for making sure that the fair treatment of Members and customers is central to the Society’s culture and operations.

I used to work in investment banking, but after ten years I decided on a change of career and joined the Board of Welsh Water, initially as Planning Director. I was one of the founding Directors of Glas Cymru, the not-for-profit company that took over the ownership of Welsh Water in 2001, and I was Managing Director of Welsh Water until 2014. In addition to serving on the Board of Principality I am also a Board member of the Canaland River Trust and a Trustee of the Community Foundation in Wales. I believe strongly that mutual business models can do a great deal of good for the people and the communities that they serve.

I have lived in Wales for more than 25 years and I have two grown up boys both of whom recently graduated from university.

Natalie Elphicke OBE, LLB, (age 46), Non-Executive Director

Natalie ElphickeI was appointed to the Society’s Board as a Non-Executive Director in July 2012.

I am the Chief Executive of The Housing & Finance Institute, a national not-for-profit organisation which works to deliver more homes and better housing services by working across the public and private sectors. I am a qualified barrister and solicitor, and started my legal career in the government legal service before becoming a city law firm partner. I am a national expert in my field of housing and property finance and a regular adviser to the UK Government. I have worked on over £4bn of complex finance transactions across a range of finance, investment and regeneration projects. I was appointed an OBE in the Queen's Birthday Honours 2015 for services to housing. More recently I have become a member of the Board of the Student Loan Company.

At Principality, I chair the Board's Group Risk Committee and also sit on the Governance and Nominations Committee. Prior to joining the Society, I led the structuring team for the Ely Mill project which Principality jointly founded with the Welsh Government and which is on track to deliver 800 new affordable homes in Cardiff.

I am 46, married with two children and my family home is in Kent.

Julie Ann Haines MSC, BA [Hons], (age 44), Customer Director

Julie Ann HainesI was appointed to the Board in May 2016 and have been the Society’s Customer Director since 2012. In my role as Customer Director I am responsible for marketing, distribution and operations as well as having responsibility for the core financial performance of the Society. My role is designed to ensure that regardless of how Members choose to interact with Principality, they receive a consistent and high standard of service as well as offering great products. I am also responsible for ensuring that our colleagues play an active part in the communities we live and work in demonstrating our mutual value through many community projects. I am also a member of the Executive Committee and the Asset & Liability Committee.

I originally joined the Society in 2007 to build and develop our award winning e-commerce business. Prior to joining Principality, I held a number of senior roles in sales, marketing and technology, working in leading customer-centric businesses including Sainsbury’s, Reckitt Benckiser and HBOS.

I am the current Chair of The Council of Mortgage Lenders (CML) Cymru, which represents mortgage lenders and promotes sustainable housing finance in Wales. I also sit on the Welsh Government’s Expert Panel on Housing for Older People, in a role that offers guidance to help Government ensure people can continue to prosper in their homes into old age.

I was born and educated in Scotland, but Cardiff has been my home since 1999. I’m married to a Welshman and we have two daughters. Outside of work I love watching rugby, I am a fan of all types of music and a keen theatre goer.

Derek Anthony Howell BSc [Hons], FCA, (age 62), Non-Executive Director

Derek Anthony HowellI was appointed a Director of the Society in April 2014 and have subsequently been appointed to the role of Senior Independent Director. I also serve as Chairman of the Audit Committee and as a member of the Board Group Risk and Governance & Nominations Committees. As Senior Independent Director I act as a sounding board for the Chairman, serve as an intermediary for other directors, and am responsible for leading the annual review of the Chairman’s performance. I am also available to Members if they have concerns which they have not been able to resolve through the normal channels of the Chairman, Chief Executive or other executive directors or for which such contact is inappropriate.

I hold a degree in mathematics and qualified as a Chartered Accountant with Price Waterhouse – subsequently Pricewaterhouse Coopers [PwC]. During my time with that firm I worked originally in the audit team and eventually specialised in corporate recovery and insolvency work, becoming a partner in 1988. I retired from the PwC partnership in April 2013 and have been engaged on a part-time basis since as a consultant, working on the Lehman insolvency.

I am also Treasurer of St John Cymru Wales and a trustee of both the National Botanic Garden of Wales and Artes Mundi.

Born in 1954, I am married with two grown up children and live close to the centre of Cardiff.

Steve James Hughes ACMA, (age 44), Chief Executive

Stephen HughesI was appointed Chief Executive on 6 March 2017. I joined the Society in December 2011 and initially held the role of Group Deputy Finance Director. I was appointed to the Society’s Board in March 2013 as Group Finance Director with responsibility for Finance, IT and Business Change. I chair the Executive Committee and am a member of the Asset and Liability and Group Executive Risk Committees. I also attend all meetings of the Board Audit, Risk, Customer and Conduct and Remuneration Committees. I am also a director of the Society’s subsidiary business – Nemo Personal Finance.

I am a qualified Management Accountant and bring over 20 years’ experience in finance to my role. Prior to joining the Society I held a number of finance roles across a range of industries including manufacturing, retail and insurance. Prior to joining the Society I performed the role of Finance Director of the Lloyds Banking Group General Insurance business.

I am Chairman of the Wales Advisory Board for Business in the Community (BITC) and I am passionate about our community work and the difference it can make to people’s lives in our heartland.

I was born in Swansea in 1972 and continue to live close to that city with my wife and three sons who share my passion for sport with our weekends taken up by both watching and playing football and rugby.

I believe in the mutual model, we are a member owned organisation and my role as CEO is to ensure we run the business in the long term interests of our Members.

Robert Michael Jones BA [Hons], MBA, ACIB, (age 58), Group Risk Director

Robert Michael JonesI joined the Society’s Board in February 2013. Having worked for the Society since 1997, I was appointed Head of Group Risk in 2005 and promoted to the role of Director of Group Risk in 2009. I have attended full Board meetings since September 2009 and attend all meetings of the Board Audit, Group Risk, Customer and Conduct and Remuneration Committees. I also chair the Group Executive Risk Committee and I am a member of the Executive Committee, Model Governance Committee and the Asset and Liability Committees.

I have spent over 35 years working in financial services, starting my career at Midland Bank and subsequently at HSBC, undertaking a number of managerial roles in both the retail and corporate banking divisions. I hold a degree in Economics, an MBA from Henley Management College, and I am an Associate Member of the Chartered Institute of Bankers. Together with the Group Finance Director I have particular responsibility for ensuring that the Society maintains a strong capital base which will enable it to continue to grow and compete successfully over the long term.

Born and educated in Denbigh, North Wales, I now live just outside Cardiff and am married with two children.

Sally Jones Evans FCIB, MBA, (age 50), Non-Executive Director

Sally Jones-EvansI was appointed to the Society’s Board in February 2015. Since joining the Board I have become Chair of the Remuneration Committee and also serve as a member of the Customer and Conduct and Governance and Nominations Committees and the Transformation sub-committee. As Chair of the Remuneration Committee I am responsible for ensuring that the Group’s remuneration and reward strategy, policy and procedures follow best practice, support the strategy approved by the Board, and reflect the best interests of Members.

Formerly, I spent 30 years in retail banking and general insurance during which time I gained wide ranging experience in leading people through change, mainly in areas directly serving customers including the branch network, telephone centres, internet banking and operations centres; I hope this will help me to shape the Society’s ongoing change agenda. I am always impressed by the dedication and skills of our teams in the Principality who are so passionate about looking after our Members.

I also sit on an advisory panel to the Welsh Government which seeks to stimulate the financial and professional services sector in Wales to create employment and economic growth. In addition I serve as an Non-Executive Director on the Boards of the Student Loans Company and the Department for International Development, the latter due to my deep interest in strategies to lift people out of poverty in the developing countries of the world, especially Africa where I have also spent time in voluntary service.

My husband Alun and I were both born and educated in Cardiff, and we lived in the Vale of Glamorgan until work commitments moved us to Wiltshire some years ago. We love Welsh rugby, and music of many kinds, and spend a lot of time in Pembrokeshire.

David Rigney ACMA, MBA, MA, (age 53), Non-Executive Director

David James RigneyI was appointed to the Society’s Board in March 2015. Along with my Board responsibilities I serve as a member of the Audit, Group Risk and Governance and Nominations Committees. In addition I am Chairman of Nemo Personal Finance Limited, a wholly owned subsidiary of Principality Building Society.

I am a Chartered Management Accountant and during my career I have performed a broad range of roles across multiple sectors including a Board Director at Nationwide Building Society. I believe this experience leaves me well placed to contribute to the Society’s ongoing change programme and to have the opportunity to contribute to the Society’s continuing success. I passionately believe in the mutual business model and everything that I see at Principality demonstrates that the customer is truly at the heart of the business.

I am also Chairman of BACS Payment Schemes Limited, Non-Executive Director and Senior Independent Director of Elexon Limited and Deputy Chairman of Sports Resolutions Limited. Born in 1963, I now live in Bristol.

Principality AGM Find out more

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