Published: March 13, 2009
The Royal Bank of Scotland has announced the appointment of Philip Hampton as chairman following seven non-executives leaving the bank. The clear-out of the RBS board includes the long-standing non-executive director Peter Sutherland, and Bob Scott, the senior independent director. Three new government-approved non-executive directors will join the board as stipulated by the government.
Tom McKillop has retired as chairman with immediate effect, contrary to the announcement last autumn to retire in April 2009.
Hampton has been chairman of JSainsbury plc since 2004 and became chairman of United Kingdom Financial Investments Limited (UKFI) in November 2008. He will step down from UKFI with immediate effect. He is also a non-executive director of Belgacom.