A senior banker with Barclays has been appointed to lead Coventry Building Society.
Mark Parsons, currently chief financial officer for retail and business banking with Barclays, which today announced 7,000 UK job losses, will join the society on July 1 as chief executive.
Mr Parsons has been at Barclays for eight years, having joined as managing director of its home finance arm in the UK retail bank.
In December 2010, he was appointed deputy chief executive for UK retail and business banking and then to his current role a year ago.
Mr Parsons will succeed Colin Franklin who took over as interim chief executive last month following the resignation of David Stewart. He will become deputy chief executive from July.
Coventry Building Society chairman Ian Pickering said: "I am delighted to announce this appointment.
"Mark has a track record of success in senior leadership positions within financial services and combines a broad experience of both functional and operational roles with a deep understanding of the mortgage and savings markets.
"His knowledge and experience is backed by an understanding of the expectations of customers and an appreciation of the values which have helped Coventry Building Society stand out in the financial services sector in recent years
Mr Parsons added: "Coventry is a first class, thriving building society, consistently demonstrating that excellent service, good value products and, above all, treating members fairly can be synonymous with strong business performance.
"I am very much looking forward to being part of its successful future."