Lloyds Banking Group PLC Directorate Change (0199H)
01 Dicembre 2020 - 8:00AM
UK Regulatory
TIDMLLOY
RNS Number : 0199H
Lloyds Banking Group PLC
01 December 2020
1 December 2020
Director Change - Lloyds Banking Group plc
Following the announcement yesterday that the Group has
completed its succession planning with the appointment of Charlie
Nunn to join the Group as the new Group Chief Executive Officer in
2021, António Horta-Osório has informed the Board that he has
agreed to be proposed for election as Chairman of the Board of
Credit Suisse Group AG with effect from 1st May 2021. Accordingly,
he has agreed with the Board that he will step down as Group CEO
and as a Director of the Group with effect from 30th April 2021. He
will continue to fulfil all his current responsibilities until that
date.
Lord Blackwell, Chairman, commented "On behalf of the Board I
would like to congratulate António on this new role as he moves on
after 10 years as Group Chief Executive Officer of Lloyds Banking
Group. During his tenure he has transformed the Group's fortunes
and established a solid operational and strategic base from which
it can continue to build a successful future. He will leave next
year with the Board's gratitude for all he has achieved, and for
his assistance and support in our planning for the leadership
succession."
As noted in yesterday's announcement, the Board has agreed that
in the event of an interim period between Mr Horta-Osório stepping
down and Mr Nunn joining the Group, William Chalmers, Group Chief
Financial Officer will subject to regulatory approval take on the
role of acting Group CEO in addition to his ongoing
responsibilities as Group CFO, with the support of Robin Budenberg
and Alan Dickinson in their roles as Chairman and Deputy Chairman.
Arrangements would be made to support him in this role and manage
his wider responsibilities appropriately.
- ENDS -
For further information
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Group Investor Relations Director
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Media Relations
matt.smith@lloydsbanking.com
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END
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