Business
Chair Succession
Chair Succession.
About this update from Natwest Group Plc
[{"type":"text","content":"\n\nChair Succession\nRNS announcement\n \nThe Board of NatWest Group plc is pleased to announce that Richard Haythornthwaite (\"Rick\") will succeed Sir Howard Davies as Chair, subject to regulatory approval.\n \nRick will join the Board of NatWest Group plc as an independent non-executive director on 8 January 2024 and following a handover period will take over as Chair on 15 April 2024, when Sir Howard Davies will stand down from the Board. \n \nMark Seligman, Senior Independent Director, said: \"At our AGM in April 2023 we announced that we would be commencing the search for Howard's successor. Today's announcement follows a rigorous process which I have led along with the senior independent directors from our ring-fenced bank. After careful consideration of a number of high-quality candidates, the Board has unanimously chosen Rick as our new Chair. \n \nRick is a highly experienced Chair who combines a successful commercial career with a deep knowledge of financial services markets and technology, as well as a strong track record of delivery at significant customer-facing organisations.\"\n\nSir Howard Davies said: \"I am very pleased by the choice the Board has made and am confident that Rick's experience and range of skills will complement and further strengthen the NatWest Board in the years to come. I look forward to working closely with him to ensure a smooth handover next year.\"\n \nRick Haythornthwaite said: \"It is a privilege to assume the role of NatWest Group Chair. I am inheriting a very different NatWest compared to my predecessor; one that is more customer focused, financially resilient and well positioned to maintain its recent strong performance. I look forward to working with the Board to build on the exceptional progress made, so we can continue to support the UK economy and deliver for our customers and stakeholders.\"\n \nRick is Chair of Ocado Group plc and a non-executive director of NYSE-listed Globant S.A. He also has a number of private company directorships which include chairing the AA, QiO Technologies Ltd and Railsr, alongside a role as an advisory partner at investment bank Moelis & Co.\n \nPrior to taking up his appointment as Chair of Natwest Group plc, Rick will be stepping down as a director of Globant S.A. and from his pri...