The Marque The Marque

Rick Haythornthwaite

Chairman, Industrialist & Advocate for the Creative Industries

London, UK


Rick Haythornthwaite
Natasha Harrison
Pallas Partners
Harry Herbert
Highclere Thoroughbred Racing Ltd

Rick Haythornthwaite’s Biography

Richard (Rick) Haythornthwaite is a visionary British businessman with a distinguished career spanning multiple sectors. With a successful track record of running multinational companies, public sector initiatives, and not-for-profit organisations, Rick is a highly respected leader in the UK and the global business community.

Rick is Chairman of NatWest Group. He also serves as Chairman of Ocado Group, Non-Executive Director of The AA and Advisory Partner at investment bank, Moelis & Co.

Rick began his career in the energy sector, working for BP as an exploration geologist. After rising through various commercial and senior leadership roles, he moved to Premier Oil in 1995.

In 1997, Rick joined Blue Circle Industries where he led a major period of transformation, resulting in him becoming CEO. He went on to serve as CEO of Invensys where he restructured the company to divest non-core assets and refocus its business strategy.

Beyond his executive roles, Rick is a highly experienced advisor and board member. He was Chair of Mastercard for over 14 years, overseeing its transformation...
Richard (Rick) Haythornthwaite is a visionary British businessman with a distinguished career spanning multiple sectors. With a successful track record of running multinational companies, public sector initiatives, and not-for-profit organisations, Rick is a highly respected leader in the UK and the global business community.

Rick is Chairman of NatWest Group. He also serves as Chairman of Ocado Group, Non-Executive Director of The AA and Advisory Partner at investment bank, Moelis & Co.

Rick began his career in the energy sector, working for BP as an exploration geologist. After rising through various commercial and senior leadership roles, he moved to Premier Oil in 1995.

In 1997, Rick joined Blue Circle Industries where he led a major period of transformation, resulting in him becoming CEO. He went on to serve as CEO of Invensys where he restructured the company to divest non-core assets and refocus its business strategy.

Beyond his executive roles, Rick is a highly experienced advisor and board member. He was Chair of Mastercard for over 14 years, overseeing its transformation into a global technology company.

He has also led the strategic development of key organisations like Network Rail and Centrica, and held the role of Chair at Railsr, Arc Holdings, QiO Technologies and Xynteo. His previous non-executive directorships comprise ICI, Cookson plc, Lafarge SA, Landsec, and Globant.

Rick’s leadership has also extended to arts and the creative industries, chairing the boards of the Southbank Centre, Almeida Theatre, the World Wide Web Foundation and Creative UK.

In 2022 he was appointed by the UK Government to conduct a review of the incentivisation of Armed Forces personnel. The highly regarded June 2023 Haythornthwaite Review of Armed Forces Incentivisation is now under consideration by the MOD.

Rick is a champion of regulatory reform and led the UK Better Regulation Commission and Risk & Regulatory Advisory Council.
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Rick Haythornthwaite’s Newsfeed

The Independent
NatWest boss admits ‘unexpected challenges’ for bank in 2023

NatWest Chairman, Rick Haythornthwaite, spoke to shareholders at the bank’s AGM.

Sky News
British fintech Railsr sets sights on growth after £20m funding boost

Rick Haythornthwaite, Chairman of Railsr’s parent company, Embedded Finance, was brought on board to help restore the confidence of regulators.

View News Archive

Rick Haythornthwaite’s Background

Invensys plc
Chief Executive Officer
Jan 2001 - Jan 2005
Invensys was a British multinational engineering and information technology company. Specialising in automation, controls, and industrial software, it served diverse sectors including energy, transportation, and manufacturing. Acquired by Schneider Electric in 2014, its technologies continue to be part of Schneider's industrial solutions.
 
Blue Circle Industries PLC
Various senior positions, leaving as Group Chief Executive Officer
Jan 1997 - Jan 2001
Blue Circle Industries was a British public company manufacturing cement. Founded in the early 20th century, it became one of the largest cement producers globally. The company was acquired by Lafarge in 2001, subsequently becoming part of LafargeHolcim.
 
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Rick Haythornthwaite’s Gallery

Current Board Positions

NatWest Group
Chairman
Sep 2023 - Present
London, UK
NatWest Group is a British banking and financial services company headquartered in Edinburgh, Scotland. It offers a wide range of financial products including retail banking, commercial banking, and investment services. The group operates primarily through its NatWest, RBS, and Ulster Bank brands.
 
The AA
Non-Executive Director
Mar 2021 - Present
Basingstoke, UK
The AA, or Automobile Association, is a British motoring organisation founded in 1905. It provides roadside assistance, insurance, and driving services to its members. Known for its breakdown cover, the AA also offers vehicle inspections, legal advice, and route planning.
 
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Previous Board Positions

Railsr
Chair
Aug 2022 - Sep 2023
London, UK
Railsr, formerly known as Railsbank, is a UK-based fintech company. It provides Banking-as-a-Service (BaaS) solutions, enabling businesses to develop and offer their own financial products and services through its API (Application Programming Interface) platform.
 
Globant
Non-Executive Director
Jan 2019 - Sep 2023
Globant is a global technology services company specialising in IT consulting, software development, and design. It partners with organisations to drive digital transformation and employs agile methodologies to deliver scalable, innovative solutions.
 
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Current Advisory Roles

Moelis & Company
Senior Advisory Partner
Mar 2018 - Present
New York, NY, USA
Moelis & Company is a global independent investment bank headquartered in New York City. It provides financial advisory services, including M&A, restructuring, and capital markets advice, to corporations, governments, and financial sponsors. The firm is well-known for its client-centric approach and expertise.
 

Previous Advisory Roles

STAR Capital Partnership LLP
Partner & Advisor
Jan 2006 - Jan 2012
London, UK
STAR Capital Partnership LLP is a private equity firm based in the United Kingdom. Specialising in asset-based investments, it targets underperforming or undervalued businesses across Europe. With a focus on creating value through strategic transformation, it often takes an active role in portfolio management.
 
Tate
Chair of Corporate Advisory Group
Jan 2004 - Jan 2008
London, UK
Tate's Corporate Advisory Group serves as a consultative body to Tate's senior leadership, offering strategic input on corporate partnerships and fundraising. Comprising experts from various industries, the group helps align Tate's initiatives with corporate interests, facilitating mutually beneficial collaborations. Tate has full charitable status in the UK.
 

Philanthropy

Speakers for Schools
Speaker
London, UK
Speakers for Schools is a UK-based charity that aims to level the playing field for young people of all backgrounds. It provides inspirational talks and work experience opportunities by connecting students with influential figures from various industries to improve social mobility.
 
The Mentoring Foundation
Mentor
The Mentoring Foundation operates the internationally recognised, FTSE 100® Cross-Company Mentoring Executive Programme.
 

Interviews

Digital Disruption and the Future of Leadership
Oct 2015
Bristol, UK
This interview is based on a talk given by Rick Haythornthwaite at the University of the West of England (UWE) in October 2015 in which he reflects on the ways in which digital disruption is impacting upon the nature of leadership.
 

Publications

Agency and Agility: Incentivising people in a new era - a review of UK Armed Forces incentivisation
Author
Jun 2023
London, UK
This review is also known as the Haythornthwaite Review of Armed Forces Incentivisation (HRAFI).
 

Training & Management Courses

MIT Sloan Fellows MBA
Fellow
1991
Cambridge, MA, USA
An MIT Sloan Fellow is someone who has been selected for the MIT Sloan Fellows Program, an executive-level educational programme offered by the MIT Sloan School of Management. This programme is designed for mid-career professionals who exhibit strong leadership potential and a high level of accomplishment.
 

Public Service

Haythornthwaite Review of Armed Forces Incentivisation (HRAFI)
Chair
2022 - 2023
London, UK
Rick Haythornthwaite was commissioned by the UK’s Secretary of State for Defence to perform an independent review into the incentivisation of UK Armed Forces personnel.
 
UK Better Regulation Commission | Risk and Regulation Advisory Council logo UK Better Regulation Commission | Risk and Regulation Advisory Council logo
UK Better Regulation Commission | Risk and Regulation Advisory Council
Chair
Jan 2006 - Jan 2009
London, UK
The Better Regulation Commission was established in January 2006 to advise the UK government on ways to reduce unnecessary regulatory and administrative burdens. Additionally, it aimed to ensure that regulation and its enforcement were proportionate, accountable, consistent, transparent, and targeted. It was replaced by the Risk and Regulatory Advisory Council in 2008.
 

Rick Haythornthwaite’s Education

The Queen's College, University of Oxford
MA, Geology/Earth Science
1975 - 1978