Directorate Change

RNS Number : 5062E

Lloyds Banking Group PLC

13 May 2013

 



13 May 2013

LLOYDS BANKING GROUP ANNOUNCES BOARD CHANGE

The Board of Lloyds Banking Group announces that its Chairman since September 2009, Sir Winfried Bischoff, will be retiring no later than the shareholders meeting in May 2014.  The exact date will be subject to the appointment of his successor.  

Commencing immediately Anthony Watson, Senior Independent Director, will lead the search for the Chairman's successor.

Sir Win said:

"Lloyds Banking Group has, over the past four years, made significant progress in its goal to become a strong, efficient, UK-focused retail and commercial bank."

"Whilst clearly some challenges remain, the performance of the Group is well on track. Indeed, in many areas, it is ahead of plan. This gives me every confidence in the future success of the Group and it is therefore a good time to start the search for my successor."

For further information:

Matthew Young

Group Corporate Affairs Director

Telephone: [phone]

E-mail: [e-mail]  

Ed Petter

Group Media Relations Director

Telephone: [phone]

E-mail: [e-mail] 

 

END

 

 

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