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NatWest's Chairman Howard Davies to Step Down Before July 2024

April 25, 2023 at 06:29 am EDT

By Elena Vardon

NatWest Group PLC on Tuesday said its Chairman Howard Davies will be stepping down from the role before July 2024 and that a search for his successor will start in the coming months.

The chairman of the British bank said this will allow time for an orderly handover before his tenure on the board reaches nine years.

This is the maximum amount of time recommended in the U.K. Corporate Governance Code, he added in a statement ahead of the bank's annual general meeting.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

04-25-23 0628ET

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Howard Davies

Howard John Davies is a British businessperson who has been at the head of 7 different companies and holds the position of Chairman at NatWest Group Plc and Chairman for The Royal Bank of Scotland Plc. Mr. Davies is also on the board of Tate Gallery Foundation, Inc., Paternoster Plc and Natwest Holdings Ltd. and Professor at Sciences Po. He previously occupied the position of Chairman at Airports Commission, Chairman of Phoenix Group Plc, Principal at McKinsey & Co., Inc., Principal at Foreign & Commonwealth Office, Chairman of Financial Services Authority, Chairman for NatWest Markets Plc, Non-Executive Chairman for PGH (Cayman), Deputy Governor at Bank of England and Director General at Confederation of British Industry.

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Natwest Holdings Ltd. Natwest Holdings Ltd. Financial ConglomeratesFinance Part of NatWest Group Plc, Natwest Holdings Ltd. is a business banking private company based in London, UK. Natwest Holdings is committed to protecting its customers from fraud and financial crime and encourages their help in achieving this goal. Founded in 2016, the British company provides insight and comment on business, as well as offering business planning, market research, and financial services such as accounts, cards, and loans for startups and established businesses.	Chairman
The Royal Bank of Scotland Plc The Royal Bank of Scotland Plc Major BanksFinance Part of NatWest Group Plc, The Royal Bank of Scotland Plc is a personal banking company based in Edinburgh, UK. The British company offers a range of personal banking products including bank accounts, mortgages, credit cards, loans, and more. The private company also provides digital banking services such as payments, transfers, and card reader security. Additionally, the company offers resources for financial education, including tips and activities for teaching children about money management and articles to help individuals understand more about investing. The company was founded in 1983. The CEO is Alison Marie Rose-Slade.	Chairman

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