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 can’t 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
Fork Monkey: The Latest Foodie Underground Network
Diamonds are Now a Car's Best Friend Thanks to Rolls-Royce
$100M Bel Air Mansion Hits the Market With Two Exotic Gold Cars
Tommy Hilfiger's 7-Bedroom Florida Beach Home Listed for $27.5M
Superior Luxury, Sport and Style with Land Rover at the Palm Beach Winter Equestrian Festival
Grand Velas Los Cabos Unveils the World's Most Expensive Taco
Finding Banksy: A Guide to Locating Banksy's Street Art
Dubai Looks to Build The Globe's First Rotating Skyscraper
Three Chefs Who are Disrupting New Orleans’ Food Scene
Inside The World’s Largest, Members-Only Superyacht
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE