The Board of Administrators of NatWest Group has introduced that Alison Rose has agreed by mutual consent to step down as Group Chief Government with speedy impact.
Howard Davies, Chairman of the NWG Board said:
“The Board and Alison Rose have agreed, by mutual consent, that she is going to step down as CEO of the NatWest Group. It’s a unhappy second. She has devoted all her working life up to now to NatWest and can depart many colleagues who respect and admire her.”
Alison Rose stated:
“I stay immensely happy with the progress the financial institution has made in supporting folks, households and enterprise throughout the UK, and constructing the foundations for sustainable progress. My NatWest colleagues are central to that success, and so I want to personally thank them for all that they’ve achieved.”
For an preliminary interval of 12 months, and topic to regulatory approval, the Board has appointed Paul Thwaite, the present CEO of the Business and Institutional enterprise, to take over the duties of main NatWest Group. An extra course of will happen sooner or later to nominate a everlasting successor.
Alison Rose was appointed as Group Chief Government in 2019, having labored on the financial institution for greater than 30 years.