Lloyds CEO Horta-Osorio Will Step Down Next June
- Britain’s biggest mortgage bank also names Budenberg chairman
- Horta-Osorio is leaving after a 10-year tenure at the lender
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Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio announced his surprise resignation after a decade at the British lender.
In a leadership overhaul, the bank also tapped former investment banker Robin Budenberg as its new chairman, according to a statement Monday. He replaces Norman Blackwell, who had previously said he would leave the bank before the 2021 annual meeting.