The Nationwide Building Society has announced that Lynne Peacock will be appointed as the senior independent director.

She will be appointed upon the retirement of Roger Perkin on 21 July 2016.

Peacock has been a non-executive director of the Society since July 201. She is also a non-executive director of Scottish Water, Standard Life Plc and Chair of Standard Life Assurance Limited, and has previously been CEO UK of National Australia Bank and a former CEO and executive director of Woolwich plc.

She will remain as chair of the Society’s remuneration committee and a member of the audit, board risk and nomination & governance committees.

David Roberts, Nationwide’s chairman, said: “With her significant board and committee experience Lynne brings a wealth of knowledge which will be invaluable to the Society and to myself as chairman of Nationwide.

“I am delighted she has agreed to take up the role of senior independent director upon Roger’s retirement from the board later this month.

“Roger Perkin has given Nationwide many years of valued service and advice and we wish him well for his retirement.”