YORKSHIRE Building Society has promoted from within for its new boss.

Mike Regnier, currently chief customer officer and executive director, is expected to take over from current chief executive Chris Pilling on January 1, subject to regulatory approval.

He joined the Bradford-based mutual in 2014 and has 20 years’ corporate experience in consulting and retail financial services. he was formerly products and marketing director at Lloyds Banking Group, where he was responsible for the re-launch of the TSB brand on the UK high street.

He has previously held senior positions at HBOS, ASDA and the Boston Consulting Group.

Chris Pilling announced in June his decision to step down at the end of the year.

John Heaps, Yorkshire Building Society chairman, said: “I am delighted to announce Mike as our new Chief Executive. His commitment to mutual values, his engaging style of leadership and his clear strategic outlook will all help to ensure he builds on the Society’s continued success."