Whittaker to leave RBS

Guy Whittaker is to step down as finanace director at RBS following one of
the most turbulent periods in the banking giant’s history.

RBS is now 70% state-owned after the government stepped in to shore up the
bank as the credit crunch worsened. Whittaker is expected to leave his post in
October after the bank has found his replacement.

Stephen Hester, RBS Chief Executive added:

‘It is with sadness we reach this parting with Guy and typical of him to
agree to serve a full transition period. Guy has held one of the most demanding
roles at RBS. Since I joined in late November last year, he has given everything
to assist our creation of a new direction for RBS and give it the best chance of

‘Now that we have passed the 2008 year end and are fully focused on the 3-5
year journey ahead to standalone health, it is a logical time to make changes.
Guy leaves RBS with my thanks and support and we wish him well in the future
once his time here comes to a close.’

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