PwC man takes charge at building society
Britannia, the UK's second largest building society, has appointed Neville Richardson, a former chartered accountant from PricewaterhouseCoopers, as its new chief executive.
Richardson, 45, moves up from finance director to the top post, after engineering a series of business takeovers, which helped to improve margins at Britannia.
He takes over from Graham Stow, and will continue his predecessor’s vociferous opposition to the easing of lending criteria, which he believes, is fuelling rising house prices in the south-east.
Richardson spent 22 years at PwC, including work in St Louis, in the US Midwest, but will now be based at Britannia’s Leek headquarters in the Peak District.