Independent non-executive director and Chair Designate
Date of appointment:
8 January 2024, 15 April 2024 (Chairman)
Contribution to the Boards:
Rick is a highly experienced Chair who combines a successful commercial career with a deep knowledge of financial services markets and technology, as well as a strong track record of delivery at significant customer-facing organisations. Rick’s Chair experience extends across industry sectors, including Embedded Finance, a fintech company; QiO Technologies Limited, the industrial AI company that Rick co-founded; and Xynteo, a Norway-based sustainability consultancy.
Rick served as Chair of Mastercard Inc, during its transformation from a credit card company to a global technology company and an increase in its market share from $5 billion to over $350 billion. He also chaired Arc International Holdings, Centrica plc and Network Rail Limited, and was a partner at Star Capital. Rick’s past non-executive directorships include Globant S.A, Cookson plc, Lafarge S.A., Land Securities plc and ICI plc. Rick also led the Haythornthwaite Review of UK Armed Forces Incentivisation.
Rick has been responsible for several high-profile business transformations and rescues, including Invensys, then one of the world’s leading industrial controls companies, as CEO.
Current external appointments:
- Chair of Ocado Group plc
- Chairman of AA Limited
- Chairman of Embedded Finance Limited*
- Senior advisory partner at Moelis & Co
Prior to becoming NatWest Group Chair, Rick will step down as Chairman of AA Limited (remaining as a non-executive director) and as advisory Chairman of Embedded Finance Limited.