OSB Group Plc (OSB.L) Thursday said that Chief Executive Officer Andy Golding has informed the Board that he will retire from the CEO position and as a Board member by December 31, 2026.
The UK specialist mortgage lender said that its Board, with help from an external search partner, has begun the process of identifying Golding's successor.
OSB Group said that till his retirement, Andy will continue to serve as CEO and Board Director, working with the company to achieve the financial goals for fiscal 2025 and 2026.
The company said that further details regarding the search and any following appointment and transition dates will be made in due course.
Commenting on the developments, David Weymouth, Chair of OSBG said, "Andy has made invaluable contributions in the creation of the OSB Group over the last 14 years. As the founding CEO of the Group his strategic vision and leadership have been critical in transforming the Group, overseeing significant growth in deposits, loan originations and overall market position, delivering significant shareholder value and shareholder returns of 1.2bn since 2019."
On the LSE, the stock is down 2.23 percent on Thursday's trading at 546.50 pence.
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