Hanley Economic Building Society has confirmed that Ian Henley will become its new chair from the start of next year, succeeding Nick Jordan, who will step down at the end of 2025 after eight years in the role.

Henley (pictured), who currently chairs the society’s risk committee, brings more than four decades of experience across banking and financial services. He has held a number of senior leadership positions and is known for his expertise in governance, risk management and strategic oversight. His appointment is subject to regulatory approval.

Founded in 1854, Hanley Economic remains one of Staffordshire’s leading mutuals, serving more than 20,000 members across six branches in Biddulph, Hanley city centre, Newcastle, Longton, Stone and Festival Park, Stoke-on-Trent.

Jordan, who has chaired the society since 2018, said he was proud of its progress and local impact. He said: “Serving as chair of this historic mutual building society in Stoke-on-Trent for the past eight years has been an immense privilege.

“During this period, we have achieved significant growth, undertaken a fundamental review and focus of our business, and delivered an extensive programme to increase our outreach and support for local communities.

“I wish The Hanley every success in continuing to deliver on its core purpose and am confident that it remains in the safe hands of the executive team and the board.”

Henley said he looked forward to building on the society’s recent transformation. He said: “It’s a privilege to be appointed chair of an institution that has been part of the fabric of this community for more than 170 years.

“Under Nick’s leadership, the society has been transformed and is in a strong position to continue serving its members and the region for many years to come.

“I look forward to working with the board and executive team to build on this strong foundation and further enhance the society’s contribution to its members and the communities it serves.”