Stafford Railway Building Society named Michael Smith CEO, effective Oct. 9.

Smith, who worked for the last 13 years at Svenska Handelsbanken AB (publ), has served as one of Stafford Railway Building Society's nonexecutive directors for almost eight years.

He replaces Susan Whiting, who will step down after almost seven years as CEO. Whiting will take over as finance director of Stafford Railway Building Society from Jeremy Hodgkiss until the latter's replacement is recruited.