Rick Haythornthwaite has been appointed to succeed Sir Howard Davies as Chair of Natwest, subject to regulatory approval.
Haythornthwaite will join the Board of NatWest Group as an independent non-executive director on 8th January 2024 and following a handover period will take over as Chair on 15th April 2024, when Sir Howard Davies will stand down from the Board.
Mark Seligman, Senior Independent Director, Natwest said “At our AGM in April 2023 we announced that we would be commencing the search for Howard’s successor. Today’s announcement follows a rigorous process which I have led along with the senior independent directors from our ring-fenced bank. After careful consideration of a number of high-quality candidates, the Board has unanimously chosen Rick as our new Chair.”
“Rick is a highly experienced Chair who combines a successful commercial career with a deep knowledge of financial services markets and technology, as well as a strong track record of delivery at significant customer-facing organisations.”
Sir Howard Davies said “I am very pleased by the choice the Board has made and am confident that Rick’s experience and range of skills will complement and further strengthen the NatWest Board in the years to come. I look forward to working closely with him to ensure a smooth handover next year.”