British business executive Richard ‘Rick’ Haythornthwaite appointed as the new chair of NatWest Group’s board, succeeding Sir Howard Davies.
Facts
- Richard Haythornthwaite to join the NatWest board on January 8, 2024, and officially become chair on April 15, 2024.
- NatWest initiated the search for a new chair after the annual general meeting in April 2023.
- Haythornthwaite was unanimously approved by the NatWest board, known for his extensive experience as the global chair of Mastercard and Centrica.
- Currently chairs Ocado Group and the AA, serving as a non-executive director at Globant.
- Expected to dissolve roles at Globant and other directorships except the AA.
- Emphasizes NatWest’s transformation towards customer focus and financial resilience.
- Praised by Mark Seligman as a highly experienced chair with a strong track record.
- His appointment follows the NatWest Group’s publicized conflict with Nigel Farage and the resignation of CEO Alison Rose in July.
