LONDON (ShareCast) - (Sharecast News) - OSB Group announced on Thursday that its long-serving chief executive Andy Golding was planning to retire by the end of 2026, triggering the start of a formal search for his successor.
The FTSE 250 company said Golding, who had led the specialist lender for 14 years and oversaw its initial public offering, major acquisitions and growth into the UK's largest specialist mortgage bank, would step down as CEO and from the board no later than 31 December next year.

"OSBG is an amazing bank with delivery for its customers, owners and staff at the very heart of what the group does," said Golding.

"I am immensely proud to have been at the helm for the last 14 years, seeing the bank through initial stabilisation and growth, an IPO, major merger and acquisition activity and cementing its place as the UK's biggest and best specialist lender.

"I look forward to working with our experienced and talented leadership team to deliver another year of strong performance in 2026 during an orderly handover process."

The board said it had started a recruitment process with the support of an external adviser to find a new chief executive to deliver the strategy set out at the group's March investor update.

OSB said Golding would remain in post throughout the transition period, continuing to work with the board and leadership team to deliver the group's financial guidance for 2025 and 2026, as well as its medium-term ambitions.

The bank recently reiterated at its nine-month trading update that it was on track to meet its 2025 targets.

Chair David Weymouth said Golding had made "invaluable contributions" over his tenure.

"As the founding CEO of the group, his strategic vision and leadership have been critical in transforming the group, overseeing significant growth in deposits, loan originations and overall market position, delivering significant shareholder value and shareholder returns of £1.2bn since 2019.

"The entire board wishes him well when he retires from executive life."

At 1202 GMT, shares in OSB Group were down 2.06% at 548p.

Reporting by Josh White for Sharecast.com.

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