Board Change

RNS Number : 8208B

Lloyds Banking Group PLC

03 November 2009

 



100/09                                                                                                                                        3 November 2009

BOARD CHANGE AT LLOYDS BANKING GROUP

Sir David Manning has informed the Group of his intention to step down from the Board with immediate effect.  He has been a director since 1 May 2008.

Commenting on his decision to step down, Sir David Manning said: 

"This is the right time for me to step down. I fully support the proposals announced today by the Group which I believe are in the best interests of our shareholders.  I have really enjoyed being on the Board and wish the Group every success in the future."

Sir Winfried Bischoff, Chairman, said: 

"We are grateful to Sir David for his counsel and support and thank him for his significant contribution at a time of great change for our company. I am thankful that Sir David has been able to stay with us and contribute to our Board deliberations prior to today's very significant announcement." 

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For further information:

Investor Relations

Michael Oliver                                                                                           [phone]

Director of Investor Relations

Email: [e-mail]

Douglas Radcliffe                                                                                    [phone]

Senior Manager, Investor Relations

Email: [e-mail]

Media Relations

Shane O'Riordain                                                                                   [phone]

Group Communications Director

Email: shane.o'[e-mail]

Mark Elliott                                                                                              [phone]

Head of Media Relations

Email: [e-mail]

FORWARD LOOKING STATEMENTS

This announcement contains forward looking statements with respect to the business, strategy and plans of the Lloyds Banking Group, its current goals and expectations relating to its future financial condition and performance.  By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.  The Group's actual future results may differ materially from the results expressed or implied in these forward looking statements as a result of a variety of factors, including UK domestic and global economic and business conditions, the ability to derive cost savings and other benefits as well as to mitigate exposures from the acquisition and integration of HBOS, risks concerning borrower quality, market related trends and developments, changing demographic trends, changes in customer preferences, changes to regulation, the policies and actions of governmental and regulatory authorities in the UK or jurisdictions outside the UK, including other European countries and the US, exposure to regulatory scrutiny, legal proceedings or complaints, competition and other factors.  Please refer to the latest Annual Report on Form 20-F filed with the US Securities and Exchange Commission for a discussion of such factors.  The forward looking statements contained in this announcement are made as at the date of this announcement, and the Group undertakes no obligation to update any of its forward looking statements.

 

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