RBS Said To Draw Up Secret Shortlist For Next CEO

Stephen Hester

Directors of Royal Bank of Scotland (RBS) have held secret talks in recent weeks about identifying a successor to Stephen Hester, casting doubt about his long-term future at the helm of the state-backed lender.

Sky News has learnt that Sir Philip Hampton, RBS chairman, called a meeting of RBS’s non-executive directors earlier this month at which he informed them that he was assembling a list of prospective replacements for Hester.

Sir Philip, who joined RBS at the same time as Hester, is understood to have presented the directors with the names of several possible successors.

These included Richard Meddings, the finance director of Standard Chartered, the emerging markets-focused bank, one source said.

There is no suggestion that any of the candidates referred to by Sir Philip have already been approached about taking over from Hester, and the timetable for conducting a search remains shrouded in mystery.

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