Lloyds’ director Juan Colombás to delay retirement

Maria Nikolova

Mr Colombás has agreed to remain in post and stay on the Board until September 18, 2020.

Lloyds Banking Group PLC (LON:LLOY) today announces that its Chief Operating Officer and Director, Juan Colombás, has agreed to delay his retirement.

Let’s recall that, in October 2019, Lloyds announced the proposed July 2020 retirement of Mr Colombás. Today, Lloyds confirms that he will remain in post and stay on the Board until September 18, 2020.

The revised departure date will allow Mr Colombas to continue playing a key role in the Group’s response to the Covid-19 crisis, Lloyds explains.

Juan Colombas

Mr Colombas is known for his significant banking and risk management experience, having spent 32 years working in these fields both internationally and in the UK. He was appointed to the role of Lloyds’ Chief Operating Officer in September 2017 and is a member of the Group Executive Committee. He is responsible for leading a number of critical Group functions and driving the transformation activities across the Group in order to build the Bank of the Future. Prior to his role as Chief Operating Officer, he served as the Chief Risk Officer from January 2011 when he was responsible for developing the Group’s risk framework, recommending the Group’s risk appetite and ensuring that all risks generated by the business were measured, reviewed and monitored on an ongoing basis.

Mr Colombas was previously the Chief Risk Officer and Executive Director of Santander’s UK business. Prior to this position, he held a number of senior risk, control and business management roles across the Corporate, Investment, Retail and Risk Divisions of the Santander Group. Until September 2017 he was the Vice Chairman of the International Financial Risk Institute.

Juan Colombas has a BSc in Industrial Chemical Engineering from the Universidad Politécnica de Madrid, a Financial Management degree from ICADE School of Business and Economics and an MBA from the Institute de Empresa Business School.

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