Joe Garner to be Nationwide's next CEO

Nationwide has hired Joe Garner as its next chief executive from BT Openreach.

Nationwide has hired Joe Garner as its next chief executive from BT Openreach.

Garner will replace the retiring Graham Beale, who will step down on 4 April and be replaced on 5 April.

At BT Group Garner has been chief executive of Openreach since early 2014. Before that he was deputy chief executive of HSBC Bank PLC and head of HSBC in the UK, roles which included responsibility for all of HSBC's retail and commercial banking business including Marks and Spencer Bank, First Direct and The John Lewis Partnership Card.

He was a non-executive director of the Financial Ombudsman Service from 2007 to 2010.