23rd Jun 2005 11:02
Royal Bank of Scotland Group PLC23 June 2005 The Royal Bank of Scotland Group plc Executive Changes Mr Fred Watt, Group Finance Director, The Royal Bank of Scotland Group plc("RBS") announces his intention to leave the Group later in the year. Commenting on his decision, Mr Watt said: "When you are working for a great organisation, with great people, it's nevereasy to make the decision to leave and I know that I will miss them. However, Ihave a very young family and consider myself very fortunate to be able to make achoice to spend more time with them. I can't put their growing up on hold - myfamily is my number one priority." "Not many people have had the opportunity to work in an organisation that hasgone through such a major transformation in such a short period of time. I feelprivileged to have been part of RBS during this exciting time and have very muchenjoyed working so closely with Fred and the rest of the team." Commenting on Mr Watt's decision, Sir Fred Goodwin, Group Chief Executive, said: "Fred has made an outstanding contribution as Group Finance Director sincejoining in 2000. I will miss him as a colleague, but will retain him as afriend. I fully respect his decision and the reasons for it: I'll be sad to seehim go, as will the rest of the Board." Contacts: Howard Moody Group Director, Communications 0131 523 2056 Richard O'Connor Head of Investor Relations 0207 672 1763 23 June 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L