Directorate Change

RNS Number : 7002S

Royal Bank of Scotland Group PLC

22 May 2009

 

22 May 2009

The Royal Bank of Scotland Group plc 

Board Appointment 

The Royal Bank of Scotland Group plc ('RBS') announces today that Sir Sandy Crombie has been appointed as a Non-executive Director of RBS with effect from 1 June 2009.  Upon his appointment Sir Sandy will become the Senior Independent Director of the RBS Board.

Commenting on the Board appointment Philip Hampton, Chairman of RBS, said:

'I am very pleased that Sir Sandy Crombie has agreed to join our Board and to undertake the important role of Senior Independent Director. Sandy has a deep understanding of insurance and financial services, having held a number of senior executive positions during his career at Standard Life, which he led successfully through its stock market flotation in 2006. We are also fortunate that he will bring to the role of Senior Independent Director his extensive experience of, and engagement with, institutional shareholders, government and regulators.

Sandy Crombie's appointment, which has been made in consultation with our majority shareholder, United Kingdom Financial Investments Limited, is a further major step in the restructuring of our Board as we implement our strategic plan to return to standalone financial strength. '

The appointment is subject to regulatory approval. There are no other matters requiring disclosure under Listing Rule 9.6.13.

For Further Information Contact:

Neil Moorhouse

Head of Group Media Relations              [phone]

Notes to Editors

Biographical Details

Sandy Crombie is currently Group Chief Executive of Standard Life plc.  In March 2009, after 42 years with the insurer, it was announced that he would step down following the appointment of a successor.  After joining as a trainee actuary, he held a number of positions with Standard Life between 1966 and 1998. In 1998, he was appointed Chief Executive of Standard Life Investments when it was launched.  In 2002, he became Deputy Group Chief Executive and he was appointed Group Chief Executive in 2004.  

He is a Director of the Association of British Insurers and is also a member of the Chancellor of the Exchequer's High Level Group, formed in 2006 to develop and support London as the leading financial centre. He also sits on the Chancellor's Insurance Industry Working Group.  He received a knighthood for services to the insurance industry in Scotland in the 2009 honours list. 

He is also Chairman of the Edinburgh UNESCO City of Literature Trust and Vice Chairman of the Board of Governors of the Royal Scottish Academy of Music and Drama. In 2007, he was the Prince of Wales Ambassador for Corporate Social Responsibility in Scotland. 

 

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