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LLOY Lloyds Banking Group Plc

52.18
0.12 (0.23%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.12 0.23% 52.18 52.24 52.28 52.90 52.20 52.38 86,283,449 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 6.08 33.22B

Lloyds Names HSBC's Charlie Nunn to Role of CEO, Executive Director

30/11/2020 7:53am

Dow Jones News


Lloyds Banking (LSE:LLOY)
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By Sabela Ojea

 

Lloyds Banking Group PLC said Monday it will appoint HSBC Holdings PLC's Charlie Nunn to be its next chief executive and executive director, succeeding Antonio Horta-Osorio.

The FTSE 100-listed bank said Mr. Nunn is currently serving as HSBC's global CEO of its wealth and personal-banking division.

In July, Mr. Horta-Osorio said he planned to retire next year. The bank then said it had a target date of June 2021 for a transition in the role.

The U.K. lender said Monday if Mr. Horta-Osorio steps down ahead of Mr. Nunn's appointment, Chief Financial Officer William Chalmers would serve as acting CEO for the interim period.

"The date at which Mr. Nunn takes up his role will be subject to agreement with his current employer where his contract of employment contains a six month notice period and up to six months' post termination restrictions," Lloyds said.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

November 30, 2020 02:38 ET (07:38 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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