Joe Garner (businessman)

Johnson Daniel Garner (born 23 June 1969) is the Chief Executive of Nationwide Building Society, the UK's largest mutual financial organisation. He previously held senior roles at BT's infrastructure division Openreach, HSBC and Procter & Gamble.

Johnson Daniel Garner (Joe Garner)
Born (1969-06-23) 23 June 1969
Hertfordshire, England
NationalityBritish
EducationMaster of Arts (M.A.)
Alma materCambridge University[1]
OccupationFinancial services
Years active1991 – present
EmployerNationwide Building Society
Known forCEO of HSBC UK, Openreach and Nationwide Building Society
Net worth£3.4 million (2017)[2]
TitleGroup Chief Executive
Board member ofNationwide Building Society, Financial Services Practitioner Panel[3]
Children1

Early life

Garner was born in Hertfordshire, having two older sisters. His father was an aeronautical engineer who had worked at de Havilland, and had married Alegra Mizrahi in 1959.

He went to school at King's College School,[4] an independent school in Wimbledon, leaving in 1987. He studied Geography at Magdalene College, Cambridge.

Career

Early Career

Garner was a graduate trainee at Procter & Gamble (P&G) in 1991. He spent nine years at P&G including five years in Romania, then worked at their European headquarters in Brussels. He joined Dixons in 2001, initially as Marketing Director at mobile phone retailer The Link. In 2003 he played a key role in launching Immobilise www.immobilise.com which had the objective of reducing mobile phone theft by stopping the ability to re-programme stolen phones. [5]


HSBC

Following his stint at P&G and a short stay at Dixons, Garner joined HSBC in 2004. He was appointed Head of UK Retail Bank on 1 December 2010 as Group General Manager and deputy head of HSBC UK, replacing Paul Thurston. He is credited with putting in place the firms approach to Treating Customers Fairly [6]. He left at the end of October 2012.[7]. Brian Robertson was Head of HSBC Group's (combined) UK operations at the time.

BT

Garner became chief executive of BT's infrastructure division Openreach in February 2014.[8] During his tenure superfast broadband coverage exceeded 90%. [9] He left the company in April 2016 to become chief executive of Nationwide Building Society.

Nationwide

His role at Nationwide started on 5 April 2016, with former CEO Graham Beale stepping down on 4 April 2016. In addition to his £885,000 salary, Garner also receives a £292,000 pension allowance, a £1 million bonus and £500 a day to cover the cost of travel, security and medical expenses.[10] In April 2020, Garner was one of the first CEOs in the financial services sector to take a salary reduction and forfeit his bonus in light of the coronavirus crisis. [11]

Industry roles

Garner sits on the board of UK Finance, [12] the trade association for the finance industry, and sat on the Practitioner Panel of the Financial Services Authority having previously been its Chair from 2011 to 2013 [13]. He was also a non-executive director of the Financial Ombudsman Service from 2008 to 2010.

Personal life

Garner married Marzena Supel, a Polish national, and they have a son.[14] He lives in London.

He is an keen triathlete, competing in his age group at the 2018 European Championships, coming 15th. [15]. He has been Chairman of the British Triathlon Trust since 2012.

See also

References
  1. "BT Openreach boss Joe Garner switches to Nationwide". Financial Times.
  2. "UK's biggest building society Nationwide is blasted for awarding new chief executive Joe Garner a stratospheric £3.4m pay packet".
  3. "New appointments to Practitioner Panel".
  4. King's College Wimbledon page 34
  5. Mathieson, SA (6 February 2003). "Nicked and useless". The Guardian.
  6. The Lion Wakes, a modern history of HSBC; by David Kynaston and Richard Roberts; 2015
  7. Banking in December 2010
  8. Telegraph August 2014
  9. "BT Openreach defends broadband rollout".
  10. Senior City Correspondent, Ben Martin (18 June 2019). "Nationwide chief Joe Garner paid £500 a day in expenses". The Times. ISSN 0140-0460. Retrieved 18 June 2019.
  11. Treanor, Jill (12 April 2020). "Coronavirus isn't a financial crisis, it's a human crisis, says Nationwide chief". The Times.
  12. "Our Board | UK Finance". www.ukfinance.org.uk. Retrieved 5 June 2020.
  13. "FSA appoints HSBC UK boss as practitioner panel chairman".
  14. BT plc January 2014
  15. "Joe Garner".
Business positions
Preceded by
Graham Beale		 Chief Executive of Nationwide Building Society
April 2016 -		 Succeeded by
Incumbent
Preceded by
Liv Garfield		 Chief Executive of Openreach
February 2014 - April 2016		 Succeeded by
Clive Selley
Preceded by
Paul Thurston		 Head of UK Retail Bank of HSBC UK
December 2010 - October 2012		 Succeeded by
António Pedro dos Santos Simões
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