RBS chairman moves on
(9 February 2009 – UK) Another big bank chairman has decided to retire in 2009, with Royal Bank of Scotland (RBS) announcing that Sir Tom McKillop has retired from the role.
Effective from the recent announcement, Sir Philip Hampton, currently Deputy Chairman and Chairman-designate, will assume Chairmanship of RBS.
The retirement makes McKillop the second chairman of a major bank to retire this year, after Citi chairman, Sir Win Bischoff, also chose retirement.
McKillop had previously planned his retirement for April 2009, but changed his plans due to current market conditions.
Despite this, he believed it was appropriate to bring this forward so that Hampton can complete the restructuring of the board and work with the board and executive teams on the strategy going forward.
Sir Philip Hampton was appointed Chairman of J Sainsbury plc in 2004. Previous roles included Group Finance Director of Lloyds TSB Group plc from 2002 to 2004 and before that, Group Finance Director of BT Group plc from 2000 to 2002.
The retirement makes McKillop the second chairman of a major bank to retire this year, after Citi chairman, Sir Win Bischoff, also chose retirement.
McKillop had previously planned his retirement for April 2009, but changed his plans due to current market conditions.
Despite this, he believed it was appropriate to bring this forward so that Hampton can complete the restructuring of the board and work with the board and executive teams on the strategy going forward.
Sir Philip Hampton was appointed Chairman of J Sainsbury plc in 2004. Previous roles included Group Finance Director of Lloyds TSB Group plc from 2002 to 2004 and before that, Group Finance Director of BT Group plc from 2000 to 2002.
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