The Cumberland names new CEO

The Cumberland Building Society has appointed Stuart Miller as its new chief executive, subject to regulatory approval, succeeding Des Moore in 2026.

Stuart joins from Newcastle Building Society, bringing more than 38 years’ experience in financial services. 

Most recently chief commercial officer, he is known for a “people first” ethos and a focus on supporting high streets and rural communities.

Stuart has led initiatives including the Government’s High Street Task Force and The Future of Rural Retail, and his experience aligns with The Cumberland’s commitment to combining branch services with modern digital solutions.

He said: “The high street matters, because it’s where communities connect. 

“When a branch closes in a rural area it’s not just a financial service that disappears, it’s part of the social fabric.”

Stuart added: “I’m honoured to step into this role and am grateful for the opportunity to work alongside Des during this transition. 

“His leadership has shaped The Cumberland’s success, and I look forward to building on that strong foundation as we move forward together.

“The Cumberland will continue to evolve, embrace new technologies, and adapt to modern challenges. 

“But at its core, the commitment remains unchanged, human relationships, community trust, and care for members will always be the heartbeat of what we do.

“We need to provide those human interactions to offer tailored guidance and to put a face to a name.”

With 31 branches across Cumbria, Northumberland, Lancashire and South-West Scotland, The Cumberland is investing in its largest-ever digital transformation programme while maintaining its personal, community-focused approach to banking.

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