Wave goodbye to Sir Fred Goodwin’s old regime.
RBS’s new chairman, Sir Phillip Hampton, has taken a very dramatic the axe to Fred the Shred’s boardroom.
That’s Bob Scott, Jim Currie, Bill Friedrich, Bud Koch, Janis Kong, Steve Robson and Peter Sutherland, (pictured above) all out effective from today.
In their place – Joe MacHale, John MacFarlane and Art Ryan – subject to government approval, of course.
Only two of the Goodwin-era non-execs are left standing – Archie Hunter and Colin Buchanan. Of the executive directors, only finance director Guy Whittaker and Gordon Pell, who runs the bank’s retail ops, remain.
Plus ça (patsies?) change, eh?
Related links:
Axe to fall on seven RBS directors in clear-out of Goodwin-era board – The Guardian
Non-executive directors and secretary – RBS
RBS announced board restructuring – RNS statement