Lloyds Banking Group PLC has announced changes to its board of directors. Alan Dickinson, who has served as a Non-Executive Director for nine years, will step down as Senior Independent Director on September 13, 2023. However, he will continue in his role as Deputy Chair and in other board positions while plans for his broader succession are put into place. As part of these plans, Dickinson will also resign as Chair and member of the Remuneration Committee on the same date.
Cathy Turner will take over as the new Senior Independent Director and Chair of the Remuneration Committee, effective from September 13. She will also become a member of the Nomination and Governance Committee. No further details were provided regarding the reasons for these changes or the future plans for Dickinson's succession.
For further information, investors can contact Douglas Radcliffe, Group Investor Relations Director, via email at [email protected]. Media inquiries can be directed to Matt Smith, Head of Media Relations, via email at [email protected] or by calling +44 (0) 20 7356 1571.