Resignation follows sale of remaining Direct Line stake by RBS

Mark Catton has resigned as non-exec director at Direct Line Group (DLG) following the sale of RBS’ final stake in the insurer.

The bank sold 423.2 million shares and now has no stake in the insurer.

In line with the relationship agreement between RBS Group and DLG the bank’s entitlement to appoint non-executive directors to the board of the company has now ended.