The Nottingham has announced that Sue Hayes is to be appointed as its next chief executive officer, succeeding David Marlow, subject to regulatory approval.

Hayes (pictured) was most recently CEO of GB Bank, where she led the start-up challenger to receive its UK banking licence. Before that she was responsible for the retail finance business at Aldermore Bank and has held a number of senior customer segment and product roles in her career spanning more than 30 years with the likes of Barclays and Santander.

Marlow said: “I am delighted to welcome Sue to the society as our next CEO. She has a strong combination of the right values, skills and experience which will enable her to drive the society forward very effectively in a digital age. It’s fantastic to start the new year working together and throughout the first quarter of 2022 to ensure a smooth handover and seamless transition.”

Hayes added: “I feel extremely honoured to lead the team at The Nottingham. It will be fantastic to build on the Society’s strong reputation of putting members first; its focus on innovation and reinvention; as well as being a great place to work. I am excited to bring my passion for people, data and technology to ensure we continue to grow, succeed and drive the Society forward.

“I’ll be spending the first few weeks transitioning into my new role and will certainly benefit from the overlapping time with David, seeking his valuable insights after 11 successful years as CEO.”

Andrew Neden, chair of The Nottingham, said: “Sue was the outstanding individual from a very strong list of potential candidates. The Nottingham’s Board are delighted that Sue has joined us and we very much look forward to working with her, the Executive and the whole team at The Nottingham to deliver future success.”

Hayes should formally succeed Marlow when he steps down following the announcement of Society’s 2021 annual results in March.