Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.
The company announced on 2 November Horta-Osório had taken a leave of absence on medical advice, and said it has completed a "rigorous process" to assess his ability to return and lead the group. The bank said independent medical advice concluded the former Santander UK CEO has now made a full recovery. Lloyds CFO Tim Tookey, himself due to leave the business in February, had been installed as interim CEO in Horta-Osório's absence. Horta-Osório's direct reporting lines will be restructured and reduced upon his return in order to boost the contribution made by his senior management tea...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
