NatWest Group’s Board of Directors has agreed with Alison Rose that she will step down from her position as Group Chief Executive, effective immediately.
Chairman of the NWG Board, Howard Davies, said:
The Board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group. It is a sad moment. She has dedicated all her working life so far to NatWest and will leave many colleagues who respect and admire her.
Alison Rose said:
I remain immensely proud of the progress the bank has made in supporting people, families and business across the UK, and building the foundations for sustainable growth. My NatWest colleagues are central to that success, and so I would like to personally thank them for all that they have done.
Paul Thwaite, who currently heads the Commercial and Institutional business, will temporarily be in charge of leading NatWest Group for the next 12 months, pending regulatory approval. The Board will conduct another selection process at a later date to find a permanent replacement.
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