Royal Bank of Scotland (RBS) announced on Thursday that its CEO Ross McEwan (pictured) resigned from his post with a 12-month notice. During that period, McEwan will continue to discharge his duties until his successor has been appointed.
"After over five and a half very rewarding years, and with the bank in a much stronger financial position it is time for me to step down as CEO," McEwan noted in a statement. "It has been a privilege to lead this great bank and to have worked with some really outstanding people in process," he underlined.
McEwan joined RBS in 2012 as head of retail banking, only to be appointed CEO a year later.
RBS is set to publish its quarterly corporate results tomorrow.
