Appointment of New Chief Exec

16 Jul 2008 08:30



SCARBOROUGH BUILDING SOCIETY APPOINTS NEW CHIEF EXECUTIVE

Scarborough Building Society has today announced the appointment of Robin Litten as its new Chief Executive, to replace John Carrier who retires from the post on 31 December 2008.

Scarborough Group Chairman, William Worsley, said: 'Following a rigorous process which considered both internal and external candidates, I am delighted to confirm that Robin Litten has been appointed to take over as the Scarborough Group's new Chief Executive.

Robin's appointment was made against significant competition from the financial services sector generally. The Board is confident that, by following an independent process, it has appointed the best person possible to lead the business in the future'.

Robin is currently Scarborough's Finance Director, a position he has held since joining the Society in 2002. Prior to that he was Finance Director of Barclays Private Banking, has been Deputy Finance Director of Barclaycard and also has experience in the retail sector, having held financial and general management positions in Sears plc. Robin is 44 years of age and is married with two children.

Commenting on his appointment, Robin Litten said: 'It is a tremendous opportunity to lead a business with the strength and diversity of the Scarborough Group. We have an outstanding team of people, and I feel very privileged to be able to lead them in the years ahead'.

Retiring Chief Executive John Carrier said: 'Robin is a very capable individual who understands both the financial markets and the Group's diversified strategy very well indeed. He has the confidence of the Board, and I feel sure all our people will unite behind him to promote the ongoing success of the Scarborough Group'.