Lloyds Banking Group PLC Directorate Change (2057H)
November 27 2015 - 5:30AM
UK Regulatory
TIDMLLOY
RNS Number : 2057H
Lloyds Banking Group PLC
27 November 2015
27 November 2015
LLOYDS BANKING GROUP: DIRECTOR CHANGES
Lloyds Banking Group plc (the "Group") is pleased to announce
the appointments of Deborah McWhinney and Stuart Sinclair as
independent Non-executive Directors of the Group. Ms McWhinney will
join the Board on 1 December 2015 and will serve as a member of the
Group's Audit and Risk Committees. Mr Sinclair will join the Board
on 4 January 2016 and will serve as a member of the Group's
Remuneration and Risk Committees. The Group also announces that
Dyfrig John, an independent Non-executive Director, has notified
the Board that he wishes to reduce his workload and therefore does
not intend to seek re-election at the 2016 annual general
meeting.
Commenting on the changes, Lord Blackwell, Chairman, said: "I am
delighted to have two new members with such deep experience in
banking and wider financial services join the Board. Deborah brings
to the Board an extensive executive background in managing
technology, operations and new digital innovations across banking,
payments and institutional investment. She will also broaden our
diversity with a US market perspective. Stuart, in addition to his
retail banking experience, also brings wider experience of consumer
and asset finance as well as insurance. These two appointments will
help ensure the Board is well placed to address future technology
and market risks across the full range of business areas in which
we operate.
I would also like to thank Dyfrig John for his significant
contribution to the Board over the last three years. We will miss
him but fully understand his personal reasons for stepping
down."
BIOGRAPHICAL DETAILS
Deborah McWhinney is a former Chief Executive Officer, Global
Enterprise Payments and President, Personal Banking and Wealth
Management at Citibank. She was previously President of
Institutional Services at Charles Schwab Corporation and had prior
executive roles at Engage Media Services Group, Visa International
and Bank of America, where she held senior roles in Consumer
Banking. She is currently an Independent Director of Fluor
Corporation and IHS Corporation, and a Trustee of the California
Institute of Technology. She is also a Trustee of the Institute for
Defense Analyses, an organisation providing independent analysis of
technology and security research for the United States
Government.
Stuart Sinclair has been a Non-executive Director of TSB Banking
Group plc and TSB Bank plc from which he is stepping down with
immediate effect. He is also currently a Non-executive Director and
Chair of the Risk Committee at Provident Financial Plc, and Senior
Independent Director at both QBE Insurance (Europe) Limited and
Swinton Group Limited. His previous roles included Non-executive
Director at LV Group, President and Chief Operating Officer of
Aspen Insurance, Chief Executive Officer roles at GE Capital's
Consumer Finance division both in the UK and China, and Director of
UK Retail Banking then Chief Executive Officer of Tesco Personal
Finance at Royal Bank of Scotland. He was previously a Council
Member of The Royal Institute for International Affairs. His early
career included Managing Consultant at Braxton Associates and
Partner at Mercer Managing Consultant (now Oliver Wyman).
There is no other information to be disclosed under paragraph
9.6.13R of the Listing Rules.
For further information:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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