NatWest Group plc has announced a new chairman, Richard Haythornthwaite will replace Howard Davies in the role. Haythornthwaite will join the board of NatWest Group as an independent non-executive director on January 8, 2024 and following a handover period will take over as chair on April 15, 2024, when Howard Davies will stand down from the board, the company said. Haythornthwaite is chair of Ocado Group plc and a non-executive director of Globant SA.

He also has a number of private company directorships which include chairing the AA, QiO Technologies Ltd. and Railsr, alongside a role as an advisory partner at investment bank Moelis & Co. Prior to taking up his appointment as chair of Natwest Group, Haythornthwaite will be stepping down as a director of Globant SA and from his private company directorships apart from the AA, where he will transition to become a non-executive director.