Home Wealth  Money Lloyds Banking Group Clarifies Leadership Picture

Lloyds Banking Group Clarifies Leadership Picture

Posted: Nov. 22nd, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Lloyds Banking Group updated its leadership situation today.

The firm said that, in case CEO Antonio Horta-Osorio is not able to return by the end of the year board member David Roberts would serve as interim chief executive.

Horta-Osorio is on a leave of absence, reportedly recovering from exhaustion, and chief financial officer Tim Tookey has been interim CEO in his absence.

However, Tookey is planning to leave the firm, therefore Lloyds named Roberts to take the helm in case Horta-Osorio does not return by the end of the year, although that is still expected.

Horta-Osorio took the leave just eight months after joining the firm from Banco Santander .

Late Friday, American Apparel said its acting president, Tom Casey, is resigning.

Chairman, CEO and founder Dov Charney praised Casey's work over the past 12 months.

Casey was hired by the apparel producer and retailer in October 2010 to work with Charney and key investors to validate the company's strategy, improve operating disciplines and optimize its capital structure.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Foodies Rejoice: Malibu Farm Meets Modern Luxury at Miami's Nobu Eden Roc
Malbec and More: Exploring Argentina's Fabled Wine Making Heritage
Toast the Last Days of Summer with These Bubbly Cocktail Recipes
Edelweiss Air Embraces Switzerland's Hospitality and Features Unexpected Routes
Dining on Delicate Dishes at Palma, Mallorca's Marc Fosh
First Aston Martin AM37 Owner Takes Delivery in Miami
Bose Soundlink Revolve + Bluetooth Speakers Redefine Mobile Audio with 360-Degree Sound
5 Luxurious Boats You Can Take for a Spin this Summer
Private Jet Card Comparisons: A New Consumer-Centric Website For Buying A Private Jet Card
Anthem House: Baltimore's Newest $100 Million Apartment Complex Opens in Locust Point
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE