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NatWest confirms Haythornthwaite will join as chair

Published 06/09/2023, 13:43
Updated 06/09/2023, 13:45
© Reuters. FILE PHOTO: NatWest Group logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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(Reuters) -British bank NatWest (LON:NWG) confirmed on Wednesday it had chosen former Mastercard (NYSE:MA) Chairman Richard Haythornthwaite as its chairman, replacing veteran Howard Davies.

© Reuters. FILE PHOTO: NatWest Group logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Current Ocado (LON:OCDO) Chairman Haythornthwaite will join NatWest's board on January 8, 2024, and following a handover will take over as chair on April 16, the bank said in a statement.

He will be paid 775,000 pounds a year, the same as his predecessor Davies, NatWest said in a statement.

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