FILE PHOTO: Antonio Horta-Osorio CEO of Lloyds Banking Group leaves Downing Street in London, Britain, September 2, 2019. REUTERS/Simon Dawson
July 6, 2020
(Reuters) – Lloyds Banking Group <LLOY.L> Chief Executive Officer António Horta-Osório will step down next year after spending a decade at the helm, the state-backed lender said on Monday as it appointed industry veteran Robin Budenberg as its new chairman.
Horta-Osório, who has been in charge of Lloyds for almost a decade, said he would step down by June of next year and was leaving with “mixed emotions”.
(Reporting by Muvija M in Bengaluru; editing by Patrick Graham)
