# Royal Bank of Scotland Group Plc Ross McEwan has resigned as Chief Executive Officer and Executive Director

- Link: https://www.directorstalkinterviews.com/royal-bank-of-scotland-group-plc-ross-mcewan-has-resigned-as-chief-executive-officer-and-executive-director/412772916
- Published: 2019-04-25T07:43:31+01:00
- Author: Charlotte Edwards

**Royal Bank of Scotland Group Plc** (LON:RBS) announced that Ross McEwan has resigned
from his role as Chief Executive Officer (CEO) and Executive Director.

Ross has a 12 month notice period and will remain in his position until a successor
has been appointed and an orderly handover has taken place. The effective date of
his departure will be confirmed in due course.

> **Chairman Howard Davies said:**
>  “For the past five and a half years Ross has
> worked tirelessly to make the bank stronger and safer and played the central role
> in delivering a return to profitability and dividend payments to shareholders.
> The Board and I are grateful for the huge contribution Ross has made in one of
> the toughest jobs in banking. His successful execution of the strategy to refocus
> the bank back on its core markets here in the UK and Ireland has helped to deliver
> one of the biggest UK corporate turnarounds in history. RBS is now well positioned
> to succeed in the future in what is a rapidly evolving landscape for the banking
> sector. We will be conducting an internal and external search for his successor,
> which will start immediately.”
> **CEO Ross McEwan added:**
>  “After over five and a half very rewarding years, 
> and with the bank in a much stronger financial position it is time for me to step
> down as CEO. It has been a privilege to lead this great bank and to have worked
> with some really outstanding people in the process. It is never easy to leave 
> somewhere like RBS. However with much of the restructuring done and the bank on
> a strong and profitable footing, I have delivered the strategy that I set out 
> in 2013 and now feels like the right time for me to step aside and for a new CEO
> to lead the bank. I’d like to thank the Board, shareholders and UKGI for the support
> they have shown me during my time at the bank and our colleagues for the remarkable
> job in turning this bank around”.

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