The Hinckley & Rugby Building Society has appointed Colin Fyfe as its new chief executive.

Fyfe, currently chief executive at Darlington Building Society, will succeed Chris White who is retiring in early 2019 after 30 years at Hinckley & Rugby.

He will be only the ninth chief executive in the Hinckley & Rugby’s 153 years.

Colin Franklin, Hinckley & Rugby chairman, said: “After a very detailed selection process, the board was united that Colin Fyfe would make an ideal new chief executive.

“We are confident Colin has the vision, skills and experience to build on the very successful tenure of Chris White who has led the Society for more than a decade, including through the challenging period of the credit crunch and its aftermath.”

Fyfe has been chief executive at Darlington Building Society for four years and has also worked at Clydesdale Bank, National Australia Bank and Yorkshire Bank.

He said: “I am delighted to have been selected by Hinckley & Rugby Building Society’s board to lead the business into its next phase.

“The foundations created by Chris White and the team are strong and it will be an honour to serve the members and support the local communities.”

White joined Hinckley & Rugby in 1989 and became financial director in 1993 before being appointed chief executive in 2007.

He said: “It has been an honour and a privilege to have had the opportunity to serve the Society as chief executive. I am delighted that the board has appointed Colin as my successor.

“I am confident that he shares the board’s vision of what makes a great building society and will continue to ensure that the Society’s members remain at the heart of its business strategy.”