OSB Group Appoints Fiona Clutterbuck as Chair Designate to Succeed David Weymouth

OSB Group has appointed Fiona Clutterbuck as an independent non-executive director and chair designate, effective 9 November 2026, succeeding David Weymouth as chair. The appointment was announced by GlobeNewswire on 5 November 2026. Clutterbuck will join the boards of the company, OneSavings Bank plc and Charter Court Financial Services Limited.

Clutterbuck's Board Roles and Selection Process

Clutterbuck will become chair subject to receipt of the necessary regulatory approvals, succeeding Weymouth at the time of the company's preliminary results presentation. Upon becoming a non-executive director, she will become a member of the Group Nomination and Governance Committee and the Group Remuneration and People Committee. The appointment follows a comprehensive selection process led by the Senior Independent Director and supported by external advisers. The board determined that Clutterbuck is independent in character and judgement and satisfies the independence requirements of the UK Corporate Governance Code.

Clutterbuck is currently chair of AJ Bell plc. Her previous non-executive appointments include Paragon Banking Group plc, where she served as chair from 2018 to 2022, and M&G plc, where she served as senior independent director and then chair from October 2020 to May 2023, together with Hargreaves Lansdown plc, Sampo plc and the Co-operative Bank. Weymouth joined the board of OneSavings Bank plc as chair in September 2017 and resumed the role of chair of the company in February 2020. He will step down as chair and as a director of the company, OneSavings Bank plc and Charter Court Financial Services Limited when Clutterbuck succeeds him.

Clutterbuck said: "I am delighted to be joining OSB Group. It has built a leading position in its specialist markets, supported by talented colleagues, a clear strategy and a deep customer focus." Weymouth said: "It has been a privilege to serve on the Board since 2017 and as Chair since 2020." Gareth Hoskin, Senior Independent Director, said: "Following a rigorous selection process, the Board is delighted to appoint Fiona Clutterbuck as David's successor."

OSB Group's Earlier Leadership Change

According to akta.pro company records, OSB Group announced a CEO succession in February 2026: Andy Golding was to retire on 31 August 2026, with Enrique Alvarez Labiano, formerly of Santander UK, appointed as incoming CEO. The same records list a £100 million share repurchase programme announced in March 2026, to be executed through Jefferies International Limited via market purchases on the London Stock Exchange.

OSB Group's Recent Trading and Funding Moves

On 5 November 2026, OSB Group announced cash tender offers to repurchase its £300 million fixed rate resetting notes due 7 September 2028 and £400 million fixed rate resetting notes due 16 January 2030, with a maximum acceptance of £500 million across both series and a settlement date of 16 November 2026, GlobeNewswire reported. The same day, the company reported a trading update for the nine months to 30 September 2026, with net loan book up 1.9% to £26.4 billion and retail deposits up 3.0% to £24.9 billion.

Transition Timing

The company said the date of its preliminary results presentation, when Clutterbuck is to succeed Weymouth, is to be announced.