Until a new CFO is named, Field will act as deputy chief executive while the current interim CEO Mike Kirsch will remain in place. Field is expected to take over as CEO formally on 1 September.
Geoffrey Dunn, chairman of Saffron building society, said: “Following a very extensive external search, the board unanimously determined that Colin Field was the outstanding candidate to be our new CEO. He is personable and down to earth, knowledgeable in his field, and exactly what Saffron needs.”
Field, a qualified chartered accountant, has been the society’s CFO since May 2014.
Before joining Saffron in 2013 he held a number of senior management positions with Barclays, Caudwell Group and Willis Group.
