Lloyds announces changes in non-exec Board roles

Maria Nikolova

Alan Dickinson will take over the role of Deputy Chairman when Anita Frew retires from the Board.

Lloyds Banking Group PLC (LON:LLOY) today announced changes in non-executive Board roles, as Alan Dickinson will take over the role of Deputy Chairman when Anita Frew retires from the Board at the AGM on May 21, 2020.

Alan Dickinson

Alan Dickinson will step down as Chair of the Board Risk Committee at that time and be succeeded by Nicholas Prettejohn, an independent Non-Executive member of the Board.

Mr Dickinson is a highly regarded retail and commercial banker having spent 37 years with the Royal Bank of Scotland, most notably as Chief Executive of RBS UK, and more recently as a Non-executive Director of Nationwide Building Society and Chairman of its Risk Committee. His strategic focus and core banking experience complements the balance of skills on Lloyds’ Board.

He is a Fellow of the Chartered Institute of Bankers and the Royal Statistical Society. He has an MBA from the Manchester Business School and a Bachelor of Science from the University of Birmingham.

Nick Prettejohn, who will take over the role of Chair of the Board Risk Committee, brings extensive prior experience in financial services to the role, including as Chief Executive of Lloyds of London and as Chief Executive of Prudential UK.

Since Mr Prettejohn will continue in his role as Chairman of the Group’s Insurance subsidiary, Scottish Widows Group Limited, his position as Chair of the Group Board Risk Committee will be for a limited period pending further reallocation of non-executive Board roles planned for later this year.

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