Mr Michael Parrott, was appointed to the Society’s Board in June 2012. He is a Chartered Public Finance Accountant by profession and until his retirement was the Deputy Chief Executive and Finance Director of a regional building society in England. Accordingly, he brings over thirty years relevant building society finance and accounting experience and expertise, particularly in Balance Sheet management, treasury and capital adequacy requirements. Mr Parrott is the Chairman of the Board and serves as a member of the Audit Committee and Chairs the Nominations Committee.
Mr Gerard McGinn, was appointed to the Society’s Board in February 2015. He has extensive financial services and banking experience having held senior executive positions with local clearing banks and has a successful track record of developing and implementing strategic plans. In addition he has also worked as a senior civil servant within a number of local government departments and brings extensive Board experience from the public sector. Mr McGinn was awarded a CBE in the 2017 New Year’s Honours list for services to the Northern Ireland economy. Mr McGinn is the Vice Chairman of the Board and serves as Chairman of the Prudential Risk Committee and as a member of the Conduct Risk Committee, the Personnel and Remuneration Committee and the Nominations Committee.
Senior Independent Director
Mr Adrian Coles, was appointed to the Society’s Board in May 2014. His background is as an economist and until his retirement he was the Director General of the Building Societies Association for 20 years. He was awarded an OBE in the 2011 New Year’s Honours list for services to financial services. Accordingly, Mr Coles brings relevant building society sector experience. Mr Coles is the Senior Independent Director and serves as Chairman on the Conduct Risk Committee and as a member of the Prudential Risk, Personnel and Remuneration and Nominations Committees.
Dr Margaret Cullen, was appointed to the Society’s Board in February 2015. She has held senior positions in a number of financial services organisations including a period working for the Central Bank of Ireland and has experience in the areas of treasury management, investment and fund regulation, compliance, internal control and risk management. Dr Cullen is a specialist in the area of corporate governance and is currently an academic directing specialist director programmes. She serves as Chair of the Audit Committee and Personnel and Remuneration Committee and as a member of the Conduct Risk Committee.
Mr Keith Jess was appointed to the Society’s Board in August 2017. He is a Chartered Accountant by profession and until his recent retirement was a partner in a leading accountancy practice. Accordingly, he brings to the Board relevant financial, accounting and risk experience. Mr Jess serves as a member of the Prudential Risk Committee and of the Audit Committee.
Mrs Darina Armstrong, is a Chartered Accountant and has been employed by the Society since 1992. Mrs Armstrong was appointed as the Society’s Chief Executive with effect from January 2011, having previously been Finance Director. She has overall responsibility for running the business of Progressive within the strategic framework set by the Board. Mrs Armstrong is a member of the Prudential Risk, Conduct Risk and Nominations Committees.
Deputy Chief Executive and Finance Director
Mr Michael Boyd, is the Society’s Deputy Chief Executive and Finance Director. He is a Chartered Accountant and has been employed by the Society since 1996, in various finance, and risk roles and served the Board for 5 years as secretary. Mr Boyd is a member of the Prudential Risk Committee.
Mr Declan Moore joined the Society in 1992 and has worked in the building society sector for over 30 years. His roles have included branch and area management and more recently responsibility for sales, marketing and branch operations. Mr Moore is a member of the Conduct Risk committee.
Ms Karen Furlong was appointed to the Board of Progressive Building Society with effect from 1 January 2019. Karen has held both executive and non-executive positions in mutual financial services organisations and brings to the Board experience of change management and the development and execution of strategy, most particularly in the area of digital transformation.