Directorate Change

RNS Number : 1071A

Royal Bank of Scotland Group PLC

02 October 2009

 



2 October 2009

The Royal Bank of Scotland Group plc 

Board Appointments 

The Royal Bank of Scotland Group plc ('RBS') announces today that Philip Scott and Penny Hughes have been appointed as Non-executive Directors of RBS with effect from 1 November 2009 and 1 January 2010 respectively. 

It is intended that Philip will be appointed chairman of a new Risk Committee of the RBS Board which will be established in accordance with the recommendations set out in the Walker Report. On appointment, Penny will become a member of the Board's Remuneration Committee and in due course will assume the Chairmanship of the Committee. 

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

'I am delighted that Philip Scott and Penny Hughes have agreed to join our Board. 

Philip Scott has wide-ranging experience of financial services and risk management, including previous responsibility for Aviva's continental European and international life and long-term savings businesses. He has held a number of senior executive positions during his career at Aviva, including his current role as Group Finance Director. Philip is also an experienced Non-executive Director and is currently on the board of Diageo.'

'Penny Hughes has extensive boardroom experience, having held a number of Non-executive positions following her executive career at Coca-Cola, including as a member of the Board of Skandinaviska Enskilda Banken since 2000. Her expertise on remuneration will be invaluable at a time when there is increased focus on remuneration practices and policies across financial institutions.'

'The appointments, which have been made in consultation with our majority shareholder, United Kingdom Financial Investments Limited, along with the appointment of Sandy Crombie announced in May 2009, satisfy our undertaking to HM Treasury to appoint three new Non-executive Directors to the Board.'

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

For further information contact:

Group Media Centre                [phone]

Andrew Wilson                          [phone]

                                                    [phone]

  Notes to Editors

Since October 2008, 13 members have left and including today's announcement we have made 8 new appointments. The RBS Board will be made up as follows: 

Executive Directors: Stephen Hester, Bruce Van Saun, Gordon Pell 

Chairman: Sir Philip Hampton

Non Executive Directors: Sir Sandy Crombie; Colin Buchan; 

John McFarlane; Arthur Ryan; Joe McHale; Archie Hunter

Philip Scott; Penny Hughes

Biographical Details

Philip Scott (age 55)

Philip Scott is currently Group Finance Director of Aviva plc. Aviva have announced that he will step down from this position at the end of 2009.  

He joined Norwich Union as a trainee actuary in 1973 and since qualifying in 1979 has held a number of positions including Head of Global Equities, Chief Investment Officer, before being appointed to the Board of Norwich Union in 1993. Mr. Scott served as Group Executive Director, Life International of Aviva PLC since July 2003 until January 2006 and was responsible for Aviva's continental European and international life and long-term savings businesses before being appointed as Group Finance Director of Aviva plc in 2007. He has been a Non-executive Director of Diageo plc since 2007.

Penny Hughes (age 50)

Penny Hughes is currently a Non-executive Director of Home Retail Group plc, Cable & Wireless plc and Skandinaviska Enskilda Banken AB ('SEB') and formerly a Non-executive Director of Gap Inc, Vodafone PLC and Reuters PLC. Penny chairs the Remuneration Committees of SEB and Home Retail Group. Penny will step down from SEB on 20 October 2009. 

Penny spent the majority of her executive career at Coca-Cocla where she held a number of leadership positions during the merger of Coca-Cola and Schweppes in the UK. In 1992 she was appointed as President, Coca-Cola Great Britain and Ireland. 

She is also a Trustee of the British Museum and President of the Advertising Association.  

 

END

 

 

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