The chief financial officer of RBS has quit ahead of the bank’s AGM. Ewen Stevenson announced his departure today, following an “orderly handover” of his responsibilities.
Chief executive Ross McEwan said Stevenson had “worked tirelessly” with the board to make RBS a “simpler, safer and more customer-focused business” and resolve “major legacy challenges”.
The FT reports that his move will increase speculation that McEwan could leave. RBS’s recent $4.9bn (£3.7bn) settlement with the US Department of Justice over allegations of mis-selling residential mortgage-backed securities prior to the financial crisis was seen as a major milestone for the bank to reach.
Outgoing BP chairman Carl-Henric Svanberg has taken on the chair of the European Round Table of Industrialists.
The forum brings together some 50 chief executives and chairmen of major multinational companies, with combined revenues of more than €2.25trn (£1.97trn).
Svanberg, also currently AB Volvo chairman, takes over from Air Liquide CEO and chairman Benoît Potier.
“This is a critical moment for Europe,” said Svanberg. “Business leaders urgently need to make a positive case for industry as a creator of growth and prosperity for all citizens, especially young people. But more than that, in an age of rising populism, we need to argue for values of openness and tolerance.”
After just one month in the role, chairman Peter Richardson has quit the Bradford-based windows and doors business.
Richardson, who took on the role after Steven Halbert quit following a profit warning at the start of May, leaves as the board seeks the “time, experience and requisite turnaround skills” going forward. He joined Safestyle as a non-executive director in 2016.
“He made a strong contribution to the board during what has been a challenging time and we wish him luck in his future endeavours,” said senior non-executive director Chris Davies. “The incoming chairman will, among other responsibilities, lead the process of reinforcing the Board with a new contingent of NEDs to complement existing skillsets.”