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National Australia Bank sets Dec. 2 start date for new CEO

Ross McEwan will start as group CEO and managing director of National Australia Bank Ltd. on Dec. 2, subject to regulatory approvals.

NAB's Sept. 20 announcement came as Royal Bank of Scotland Group PLC said McEwan would step down as CEO on Oct. 31, after Alison Rose's appointment as the new CEO. McEwan's start date at NAB was dependent on him fulfilling his obligations as CEO of RBS.

The Australian bank also confirmed that interim group CEO Philip Chronican would replace Ken Henry as chairman of its board from Nov. 15.

NAB CFO Gary Lennon will be acting group CEO from Nov. 15 to Dec. 1, the bank added.