NatWest retail banking boss Lindberg to step down next year - report

(Sharecast News) - The boss of NatWest Group's high street branch network will reportedly step down early next year as the company prepares for a return to full private sector ownership. According to Sky News, David Lindberg - who joined NatWest just over four years ago - will leave in the first quarter of 2025.

He is said to have been a contender to run the group after Dame Alison Rose's departure in the summer of 2023, but lost out to Paul Thwaite.

Thwaite was then appointed as group CEO on a permanent basis earlier this year.

As retail banking CEO, Lindberg oversees a 13,000-strong workforce - one of the biggest in British high street banking.

The division has more than 17 million customers in the UK and accounts for close to half the group's annual profits.

Sources told Sky that a successor would be appointed in due course.

Sky said details of any payoff for Lindberg were unclear.

An announcement about his exit is expected this week.