Moreno the latest Lloyds exec to exit
LLOYDS Banking Group deputy chairman Glen Moreno has become the latest board member to leave the bank, announcing he will step down from the bailed out bank’s board in May.
Moreno, also chairman of Pearson, said it was time to move on after “working on the fall-out from the banking crisis for more than three years now, first at UKFI and then at Lloyds Banking Group.”
David Roberts, chairman of the bank’s risk committee, will become deputy chairman while Anthony Watson, remuneration committee chairman, will become senior independent director.
Moreno’s farewell is the latest in a string of exits from the bank, which last week reported an annual loss of £3.5bn. In recent months, former head of wholesale Truett Tate, finance chief Tim Tookey, Helen Weir and non-exec Julian Horn-Smith have all announced departures.