Wallace Dobbin is to step down as chairman of The Exeter after 14 years in the role.
The friendly society revealed Dobbin, who was appointed in July 2008, has chosen to step down having helped support the business’s transition from former CEO Andy Chapman to current CEO Isobel Langton.
It added that its nomination committee and senior independent director David Brand have begun the process to identify and appoint a successor, with Dobbin set to retire in June following The Exeter’s annual general meeting.
Dobbin (pictured) said: “Leading The Exeter has been one of the proudest and most significant achievements of my life, and I feel enormously privileged and honoured to have chaired this great company.
“I know that I am leaving The Exeter in the very capable hands of Isobel Langton, her executive team, and an incredibly strong board.
“I have absolutely no doubt that the company has a very bright future ahead and that it will continue to provide a first-class service for our members”.
Langton added: “Everyone at The Exeter would like to thank Wallace for his dedication and inspiration as chair.
“We have seen many changes across our business and the wider industry in recent years, and his leadership has been key in making sure we are best placed to serve the future needs of our members and advisers.”
“On a personal note, I am hugely grateful for Wallace’s support and guidance since I joined The Exeter and wish him all the best in the next chapter of his life.”