Government pension scheme Nest has confirmed Ian Cornelius will become interim CEO when current CEO Helen Dean leaves at the end of April 2024.
Cornelius will lead the organisation for 12 months from 1 May, while Nest recruits a permanent CEO.
He joins the pension scheme from Skipton Building Society (SBS), where he held the role of interim group CEO. Before this he was commercial and strategy director at SBS for a decade.
Dean announced she was stepping back from the CEO role last year.
Nest chair Brendan McCafferty said: “Cornelius’s expertise and insight will be valuable as we build on our achievements and accelerate our purpose-driven plans that put our low to middle income members at the heart of everything we do.”
McCafferty also thanked Dean for her decades of leadership at Nest, including helping to found the scheme, as well as her work leading it as CEO for eight years.
“Her tireless focus on improving financial outcomes for all — including perhaps the most underserved in society — will transform the financial resilience and retirement of millions of citizens across the United Kingdom. She leaves an incredible and long-lasting legacy.”
Commenting on his appointment, Cornelius said: “I’m excited to be joining Nest as it continues to develop. The organisation has a unique and purposeful place in the sector and I’m looking forward to supporting the next phase of its future.”
Nest has around £39 billion assets under management which it runs for its 13 million members. This makes it one of the UK’s largest pension schemes.
