Directorate Change

RNS Number : 6594R

Royal Bank of Scotland Group PLC

05 May 2009

 

The Royal Bank of Scotland Group plc

Impending Board Changes

Guy Whittaker, currently Finance Director of RBS, has agreed to step down from the RBS Board and leave the Bank later this year allowing time to undertake an orderly search for a successor. This is expected to be by October 2009. In the meantime his current role and responsibilities continue unchanged.

Stephen Hester, RBS Chief Executive, comments

'It is with sadness we reach this parting with Guy and typical of him to agree to serve a full transition period. Guy has held one of the most demanding roles at RBS. Since I joined in late November last year, he has given everything to assist our creation of a new direction for RBS and give it the best chance of success. Now that we have passed the 2008 year end and are fully focused on the 3-5 year journey ahead to standalone health, it is a logical time to make changes. Guy leaves RBS with my thanks and support and we wish him well in the future once his time here comes to a close.'

A further announcement will be made later in the year when a successor has been appointed.

For Further Information Contact: 

Neil Moorhouse 

Head of Group Media Centre
[phone]

 

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