The major bank has announced the start date for its incoming CEO Ross McEwan.
NAB has revealed that newly appointed group managing director and CEO Ross McEwan will commence his new role on Monday, 2 December 2019.
Mr McEwan’s appointment was announced on 19 July 2019, at which time NAB advised that he’ll assume his new role upon the fulfilment of his duties as CEO of the Royal Bank of Scotland (RBS).
RBS has announced that Mr McEwan would step down as CEO on 31 October 2019, following the appointment of Alison Rose as the new RBS CEO.
However, Mr McEwan’s NAB appointment remains subject to regulatory approvals.
NAB has also confirmed that interim group CEO Philip Chronican – who has held the role since March 2019, following the resignation of Andrew Thorburn – will assume the position of chairman of the board from Dr Ken Henry on 15 November 2019, at which point Dr Henry will resign as chairman and from the board.
Dr Henry indicated his intention in February to resign from the board once the permanent CEO was appointed. He joined the board as a director in 2011 and became chairman in 2015.
NAB chief financial officer Gary Lennon will serve as acting group CEO from 15 November to 1 December 2019.
[Related: NAB announces new CEO]