Subject to regulatory approval, Stuart Lewis will be appointed as Chairman of the Group Board Risk Committee (‘BRC’) on 1 August 2023.

Morten Friis has confirmed his intention to step down as a non-executive director with effect from the close of business on 31 July 2023.  Morten will reach the 9 year point in his tenure on 1 April 2023, but has agreed to remain on the Board for an additional  period to allow for an orderly handover of responsibilities to Stuart Lewis.

Howard Davies, Chairman of NWG, said:

"I would like to thank Morten for his commitment, diligence and immense contribution since joining as a non-executive director in 2014.  He has approached the role of BRC Chair with great skill and care and we have benefitted significantly from his expertise and wise counsel. My Board colleagues and I wish him well for the future. 

I am delighted that Stuart is joining the Board as a non-executive director in April, in advance of taking on the BRC Chair role, subject to regulatory approval.   Stuart will bring extensive risk management and financial services experience to the Board, having spent the majority of his executive career with Deutsche Bank, most recently as Group Chief Risk Officer and a member of the management board of Deutsche Bank AG.” 

There are no further matters requiring disclosure under Listing Rule 9.6.13.

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