The Cambridge announces new Chief Executive Officer

13 November 2019 • Corporate

The Cambridge Building Society has announced Peter Burrows as its next Chief Executive Officer after a summer-long search.

Stephen Mitcham, the Society’s Chief Executive Officer for the past 12 years announced his decision to step down earlier in the year to spend more time with his family and pursue other interests.

With 20 years’ experience in financial services gained in a combination of executive and consulting roles in the UK and overseas, Peter joined the team at The Cambridge as Finance Director in March 2016.  During his tenure as Finance Director, Peter has been integral to the Society’s on-going commitment to its local community and members. From investing in the digital enablement of their network and infrastructure, to the launch of the pioneering ‘Rent to Home’ initiative, the Society has proved that they have an ambitious commitment to focus on innovations that will serve the Cambridge community over the long term.

Peter Burrows, newly appointed Chief Executive Officer of The Cambridge comments, “I’m delighted to be taking over as Chief Executive Officer of The Cambridge Building Society. Continued growth and financial stability are essential components of the sustainability of The Cambridge, but even more important is our ongoing commitment to our customers and the local communities in which we serve. I am confident that we can build on our success as a thriving, independent mutual business, and continue to support people to have a home, remain a trusted place for people to save, and further invest in our ‘Making The Difference’ initiative aimed at supporting our members.”

Jonathan Spence, Chairman of The Cambridge commented on the appointment. “After a rigorous selection process, Peter Burrows was the clear choice to become the next Chief Executive Officer of The Cambridge. I’m looking forward to having the benefit of Peter’s financial expertise along with his passion for his community to help grow our business, whilst continuing to provide excellent service for our members.”