City heavyweight
Hester will join the Board as a non-executive director on 1 September and then he will succeed
The City veteran was CEO of
Before that he had a colourful stint as chief exec of
At RBS Hester’s task was to steer the bank through the fallout to the financial crisis, which hit RBS harder than almost any other bank in the country and led to it being mostly owned by the state.
Since the financial crisis,
It was a process put in place by Hester and continued by his successors after he stood down in 2013 following several high-profile rows with politicians over his bonus and RBS’s lending to small business.
He later joined
But in May RSA was sold to be broken up by one Danish and one Canadian buyer – a deal
Hester said he was a long-standing admirer of the airline.
“I see so many opportunities for this iconic brand in the coming years, all underpinned by its proven business model, unrivalled network and loyal customer base. I am convinced we can be winners in the European airline industry of the future, serving customers well and driving attractive shareholder value. I can’t wait to join the
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