Directorate Change

RNS Number : 6603H

Royal Bank of Scotland Group PLC

25 February 2010

 



ANNOUNCEMENT - Director and Officer Changes

25 February 2010

RBS announces changes to Board and Group Secretary

As previously announced, Gordon Pell, Deputy Chief Executive, will retire from the Group on 31 March 2010.

Archie Hunter, Non-executive Director and Chairman of the Group Audit Committee, will step down as a Non-executive Director at the end of his existing term from the conclusion of the Group's Annual General Meeting in April 2010. The appointment of a successor to Mr Hunter is well advanced and is subject to final regulatory approval. A further announcement will be made in due course.

Miller McLean will retire as Group General Counsel and Group Secretary on 30 April 2010. Following his retirement, Chris Campbell, Deputy Group General Counsel will become Group General Counsel and Aileen Taylor, Deputy Group Secretary will assume the role of Group Secretary.

Commenting on the changes, Philip Hampton, Chairman of the Group, said:

"I would like to thank Gordon for 10 years of outstanding contribution to the Group where he has worked in a variety of roles, latterly as Deputy Chief Executive, helpfully delaying his retirement to work through the transition period. I would also like to pay tribute to Archie for his loyal service to the Board and RBS over the last 6 years and in particular, for his contribution as Chairman of the Group Audit Committee.  Both Gordon and Archie leave with our thanks and good wishes for the future.

"I am extremely grateful to Miller for his dedication, loyalty and outstanding contribution to the Group over a long and distinguished career spanning nearly 40 years.  He has played a critical role over the years and we wish him a long and very happy retirement."

Notes to Editors:

Gordon Pell was appointed to the Board in March 2000. Gordon was formerly group director of Lloyds TSB UK Retail Banking before joining National Westminster Bank Plc as a director in February 2000 and then becoming Chief Executive, Retail Banking. He is also a director of Race for Opportunity, and a member of the FSA Practitioner Panel. He was appointed chairman of the Business Commission on Racial Equality in the Workplace in July 2006 and deputy Chairman of the Board of the British Bankers Association in September 2007.

Appointed to the Board in September 2004, Archie Hunter is a chartered accountant. He was Scottish senior partner of KPMG between 1992 and 1999, and President of The Institute of Chartered Accountants of Scotland in 1997/1998. He has extensive professional experience in the UK, and in North and South America. He is currently chairman of Macfarlane Group plc, a director of Edinburgh US Tracker Trust plc, and a governor of the Beatson Institute for Cancer Research.

Miller McLean was appointed Group Secretary in August 1994 having joined the Group in 1970 as a graduate trainee.  He is a chartered banker and solicitor.  He is a trustee of the Industry and Parliament Trust, non-executive chairman of The Whitehall and Industry Group, and immediate past president of the Chartered Institute of Bankers in Scotland.

For further information contact:

Andrew Wilson             [phone] / [phone]

 

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