The consortium who recently acquired ABN Amro in a £49bn deal have rejigged the bank’s management board.
Mark Fisher has been appointed as the new chairman and will move from his role as RBS executive subject to a shareholder’s vote, replacing outgoing Rijkman Groenink who leaves his position with a £20m payoff, having favoured a rival bid from Barclays during the protracted takeover negotiations. Fisher’s appointment must be ratified by shareholders in a vote set to occur in the coming months.
Meanwhile, the chief executives of each of the three banks in the consortium – Sir Fred Godowin of RBS, Juan Inciatre of Santander and Jean-Paul Votron of Fortis – will join the ABN supervisory board chaired by Arthur Martinez. They will replace Marcus Pratini de Moraes, Gerhard Randa, Lord Sharman of Redlynch, David Baron de Rothschilf and Paulo Scaroni.
Consortium Alter ABN Amro Board
Financial Services > e-banking > Banking news
Consortium Alter ABN Amro Board
Tue, 16 Oct 2007
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