The Building Societies Association has appointed Skipton Building Society chief executive David Cutter as chairman for 2013/14.
Cutter takes over from Hanley Economic Building Society chief executive David Webster with immediate effect.
Nationwide chief executive Graham Beale takes on the role of deputy chairman.
Cutter, a chartered accountant, joined Skipton as head of audit in 1993 and was appointed to the board in 2000. He became group chief executive in January 2009.
Cutter says: “The year ahead will clearly bring challenges, whether in the form of the muted economic outlook for the UK, the remaining potential for back-wash from the eurozone or the ever growing financial services regulatory agenda. I am optimistic the sector will continue to rise to these and any other challenges as they come our way.
“As BSA chairman, I look forward to a year where we continue to reinforce the fact that building societies and other mutuals are very real challengers to the large Plc banks – we are open for business.”