Lloyds TSB Group PLC
12 January 2005
12 January 2005
BOARD CHANGE AT LLOYDS TSB GROUP
Lloyds TSB Group announces that Peter Ayliffe, Group Executive Director UK
Retail Banking, will be leaving the company at the end of March 2005. He joined
the Group in 1985, has had a successful career in the retail sector, and has
been instrumental in completing the first phase of the organic growth strategy
for our retail banking business.
The Group has commenced a search for a replacement to lead the next phase of the
development of the retail bank, and pending an appointment, the role of Group
Executive Director UK Retail Banking will be undertaken by Mike Fairey, Deputy
Group Chief Executive, in addition to his existing duties.
Peter Ayliffe will step down from the board at the end of January 2005 but will
remain with the company until the end of March 2005 to help with the
transitional arrangements.
Group Chief Executive, Eric Daniels, said: "I am very grateful to Peter for the
contribution he has made in his time with Lloyds TSB and wish him well in his
future career. As I indicated in our recent trading statement: the Group
expects to report earnings broadly in line with market expectations for 2004,
and to make further earnings progress in 2005 and beyond."
Note to Editors: Peter Ayliffe joined Lloyds TSB in April 1985 and was appointed
Group Executive Director UK Retail Banking in June 2003. He will be compensated
in line with his contractual entitlement.
This information is provided by RNS
The company news service from the London Stock Exchange
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