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Society leader to stand down; FAREWELL: Martin Ritchley retires at end of June.

Byline: By Stephen Hallmark

MARTIN RITCHLEY, chief executive of the Coventry Building Society, will retire at the end of June.

Mr Ritchley, who is also resigning his director post, joined the society as chief accountant in 1970, and is leaving an organisation which is now the country's fifth largest mutual.

He became a director in 1985 and was appointed chief executive in 1990.

Mr Ritchley said: "It has been a great honour to have served Coventry Building Society and its members for so long.

"I have been privileged to lead a fantastic team who have delivered great success in the changing world of financial services.

"I know that I'm leaving a strong and confident business which has a great future based upon its philosophy of putting members first."

The society's headquarters are in Binley and it has 217,000 members in the city - some two-thirds of Coventry's population.

Mr Ritchley, who will be replaced by David Stewart, currently operations director, has also played an active role in Coventry's community, including being chairman of CV One, the city centre management organisation.

Society chairman David Harding, chairman said: "Martin has been central to the success of the society for many years.

"Under him, Coventry Building Society has an enviable record of growth, innovation and efficiency.

"At the heart of this success has been his unswerving commitment to the benefits that building society status bring to our members."

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Publication:Coventry Evening Telegraph (England)
Geographic Code:4EUUK
Date:Apr 13, 2006
Words:240
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