Leeds Building Society's Richard Fearon Takes Temporary Leave as CEO

Strategic Insights -

Richard Fearon, the leader of the Leeds Building Society since 2019, will be stepping down from his role temporarily to prioritize family time and care for his new baby due in October. Annette Barnes, a current member of the LBS board and a former managing director at Lloyds Banking Group, will take over as interim CEO. Fearon expressed his gratitude to the board for their support and praised Barnes, saying she is a "highly capable leader" who will excel in the temporary role. The society's chair, Brendan McCafferty, and Barnes have also expressed their support for Fearon's decision and confidence in Barnes' ability to lead during his absence.

Key Takeaways:

  • Richard Fearon will take a temporary leave of absence as CEO of Leeds Building Society to care for his new baby due in October.
  • Annette Barnes, a current LBS board member and a former managing director at Lloyds Banking Group, will serve as interim CEO until Fearon's return.
  • Fearon has led the society since 2019 and will prioritize family time during his temporary leave.
  • The LBS board and Chair Brendan McCafferty have expressed their support for Fearon's decision to take leave and confidence in Barnes' ability to lead during his absence.
  • Barnes has a huge amount of experience and leadership capability, making her well-suited for the temporary role.
  • The leadership team at Leeds Building Society will continue to deliver for its members during Fearon's leave.

Statistics:

  • Since 2019, Richard Fearon has led the Leeds Building Society.
  • The Leeds Building Society has [no specific statistics mentioned in the article].
  • The Lloyds Banking Group has a long history of financial services, but no specific statistics are mentioned in relation to Annette Barnes' role within the organization.
  • 25th April 2023 is the date on which a photograph of Richard Fearon was published.

Sources:

  • Yorkshire Post Photographer, James Hardisty
  • Leeds Building Society press release or statement (exact source not specified)
  • Lloyds Banking Group website or statement (exact source not specified)