Lloyds Banking Group unveils Board changes

Maria Nikolova

Simon Henry plans to retire as a Director of the Group at the end of September 2020.

London

Lloyds Banking Group PLC (LON:LLOY) today announced changes affecting its Board of Directors.

Simon Henry, a Non-Executive Director of Lloyds Banking Group since June 2014, has informed the Board of his intention to retire as a Director of the Group on September 30, 2020 in order to allow him more time to pursue his other business commitments.

Sarah Legg
Sarah Legg

Following Mr Henry’s retirement, Sarah Legg, a Non-Executive Director of the Group and member of the Group Board’s Audit Committee since December 2019, will succeed Simon as Chair of the Audit Committee with effect from October 1, 2020.

Sarah Legg joined Lloyds’ Board in December 2019. She has spent her entire career in financial services with HSBC in finance leadership roles. She was Group Financial Controller of HSBC until early 2019 and previously Chief Financial Officer for HSBC’s Asia Pacific region.

Ms Legg has vast Audit and Risk experience having, for the past three years, attended the Audit and Risk Committees of HSBC Holdings Plc, as well as serving on many other Board, Audit and Risk Committees of the HSBC Group.

She has a BA and MA in Natural Sciences from King’s College, University of Cambridge and an MSc in Science Policy Research from the University of Sussex. Sarah is a Fellow of the Chartered Institute of Management Accountants (CIMA) and a Fellow of the Association of Corporate Treasurers (ACT).

Catherine Woods, a Non-Executive Director since March 2020, has also been appointed to join the Audit Committee with immediate effect.

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