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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:
Group Corporate Affairs Director
Telephone: 020 7356 2231
Group Media Relations Director
Telephone: 0208 936 5655
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