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Coventry Building Society chairman to retire

Coventry Building Society chairman to retire
Gary Hoffman, outgoing chairman of Coventry Building Society

The chairman of Coventry Building Society has announced he will retire next year after four years in the role.

Gary Hoffman, who is also chairman of the Premier League, will stand down once a successor has been appointed in 2022.

He joined Coventry Building Society as a non-executive director and chairman in April 2018.

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Hoffman said: "The society has made great progress over the last few years. It is a fantastic organisation, and I feel hugely privileged to have been chair, but after four years I know the time is right for me to step down and spend more time with my family and focus on my other commitments.

"I remain committed to this great organisation and all it does for its members and employees."

As well as being chairman of the Coventry and the Premier League, Hoffman is also chairman of Monzo Bank.

He was previously chief executive of Hastings Insurance and chief executive for UK retail banking at Barclays.

Hoffman was appointed chief executive of Northern Rock shortly after its nationalisation during the 2007-2008 financial crisis.

Steve Hughes, chief executive of the Coventry, said: "I'd like to thank Gary for everything he has done for the Coventry and for his support since I joined the society last year.

"His perspective and counsel have been invaluable as we have led the Society through the challenges of the pandemic."

damian.fantato@ft.com