National Australia Bank Names RBS Chief McEwan as Next CEO

Date : 07/19/2019 @ 7:07AM
Source : Dow Jones News
Stock : National Australia Bank Limited (NAB)
Quote : 26.5  -0.67 (-2.47%) @ 3:50PM
National Australia Bank share price Chart

National Australia Bank Names RBS Chief McEwan as Next CEO

National Australia Bank (ASX:NAB)
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   By Robb M. Stewart 
 

MELBOURNE, Australia--National Australia Bank Ltd. (NAB.AU) said Friday it has appointed Ross McEwan, the New Zealand-born chief executive of Royal Bank of Scotland Group PLC (RBS.LN), as its CEO and managing director.

Mr. McEwan, who announced his resignation from the U.K. bank in April, will take over at the big Australian bank no later than April after fulfilling his obligations to RBS.

NAB said its chairman-elect, Philip Chronican, will transition from the role of interim CEO to the chairman position in mid-November, succeeding Ken Henry. Mr. Chronican became acting CEO in March with the resignation of Andrew Thorburn after four and a half years as CEO.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

July 18, 2019 18:52 ET (22:52 GMT)

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