• AltFi

Railsr nabs ex-Mastercard chair

Rick Haythornthwaite brings over 30 years of management experience to the UK-based embedded finance platform.

Railsr, formerly known as Railsbank, has hired ex-Mastercard chair Rick Haythornthwaite to become its new chairman.

Haythornthwaite is no stranger to senior board positions, having served as chairman of Centrica from January 2014 to February 2019, chairman of the Creative Industries Federation since 2017, independent non-executive chairman for Ocado Group since May 2021, and chairman of The AA since March 2021.

Railsr CEO Nigel Verdon said in a LinkedIn post he welcomes Haythornthwaite as his "new boss”.

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