Skipton Building Society appoints new FD

Skipton Building Society has appointed Tom Wood as group FD, from 7 September, after previous incumbent Richard Twigg moved to a managing director role in the business.

Wood has worked with other big banking organisations, including Barclays and Derbyshire Building Society. He is also working on an interim basis for Northern Rock

Skipton has posted pre-tax profits of £17m for the six months to 30 June, compared to £43m a year earlier, results that 'encouraged' chief executive David Cutter.

Further reading:

Read the Times' take on Skiptons' results