Countrywide financial services development director Nigel Stockton will takeover the group’s mortgage and insurance services division following the retirement of Countrywide Principal Services managing director Alan Snowball.
Stockton, who joined Countrywide from Lloyds Banking Group in October, will take up the new role of financial services director, subject to FSA approval.
Snowball joined Countrywide in 1998 to set up a franchising operation before moving to the financial services division in 2005 to oversee the group’s mortgage and insurance business.
Group chief executive Grenville Turner says: “Under Alan’s leadership, our financial services operation is growing significantly in profitability and has launched a number of industry innovations, which Nigel will build upon going forward.
“A detailed handover is already underway during what looks set to be an extremely exciting period for Countrywide.”