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
NetJets Slashes China-Based Membership Costs More Than Fifty Percent
MINI Reveals Augmented Reality Eyewear with X-Ray Tech
Miami Beach's Boutique Louver House is Almost Half Sold Out Already
Chef Sylvain Desbois Shares Hearty Duck Confit Recipe From St. Regis Mexico City
Meet Scandinavian-Designed Vifa, Our New Favorite Source for Wireless Tunes
Five S. Pellegrino Young Chef Judges On How to Break Into the Industry in Round Table Video
Property Envy Host Lists $1.5 Million Mid-Century Palm Springs Desert Oasis
Sky High $11.7M Miami Beach Penthouse Offers a Pneumatic Elevator and Posh Designer Fixtures
Headed to the Masters Golf Tournament? Here's Why You Should Fly Private
Will the 2005 Mouton Rothschild Outshine the Renowned 2000 Vintage? (and Should You Invest?)
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE