British Friendly has promoted Simon Owens to chief executive officer to replace Gordon Hull who has chosen to step down.
Owens (pictured), whose appointment is subject to necessary regulatory approvals, joined as chief financial officer a year ago.
He has previously held finance leadership positions within the sector, having spent almost 10 years at Legal & General and prior to that more than eight years at Aviva.
Owens’ management team is bolstered by the appointment of Natalie Summerson, who joined the mutual on the 1 June, as sales and marketing director.
British Friendly chairman Stuart Purdy said: “I am delighted that Simon and Natalie have accepted their new positions with British Friendly.
“Their experience and passion will continue to drive the society’s proud history of paying claims and supporting our members, partners and employees. Their market knowledge is exceptional and their ambition matches that of the society as we continue to focus on serving our members.”
Owens added: “Since joining the society I have been so impressed by the board’s desire and commitment to provide the most inclusive services and support to new and existing members and intermediaries. I am delighted to have been offered the opportunity to lead the society at a time when our support has never been more valuable to our members.”
On Hull’s exit, a British Friendly spokesperson said: “Gordon has agreed with the board that now is the right time to step down as chief executive.”