Debbie Crosbie has been appointed as the first female chief executive of Nationwide, quitting her role at TSB.
Crosbie, 51, from Glasgow, will replace Joe Garner in the New Year after he served six years in charge. She becomes the building society’s its first female chief executive in its 175 year history.
She was appointed the chief executive at TSB in May 2019, where she and her team led a turnaround, with sustained commercial growth and new customer development plans.
TSB has appointed chief custom officer Robin Bulloch as its interim chief executive, while the bank searches for a permanent replacement.
Incoming Nationwide chair Kevin Parryat said: “Following a thorough and rigorous selection process, she emerged as the outstanding candidate to lead Nationwide.
“She brings significant banking experience combined with deep operational and technological knowledge – core skills that are needed to run a modern building society.”
Nick Prettejohn, chair at TSB, said: “We are grateful to Debbie for her outstanding contribution to TSB and wish her well for the future.
“She leaves TSB on a strong footing and I’m delighted that Robin Bulloch, who has significant retail banking experience at the highest level, has agreed to lead the business until such time as a permanent appointment is made.”
Don’t miss the latest headlines with our twice-daily newsletter – sign up here for free.