3rd Nov 2010 08:49
3 November 2010 |
Management Changes at Santander UK plc |
Santander UK plc ("Santander UK") has announced that António Horta-Osório, Chief Executive of Santander UK, is to join Lloyds Banking Group plc as Chief Executive. António Horta-Osório will resign as Chief Executive of Santander UK on 31 December 2010. This timing will ensure an orderly transition and handover with his successor.
António will formally join Lloyds Banking Group plc in principle on 10 January 2011 and will assume responsibilities as Chief Executive Officer on 1 March 2011.
Lord Burns, Chairman of Santander UK, said: "I would like to thank António for his significant contribution over the last four and half years as Chief Executive. He has been at the heart of the successful turnaround and transformation of the bank under Santander's ownership. He has built a strong management team at Santander UK and consequently the bank is well-positioned for the future. We wish him well in his new role."
A further announcement will be made in due course concerning the appointment of a new Chief Executive at Santander UK.
- Ends - |
For further details, please contact:
Matthew Young | (Communications Director) | 020 7756 4232 |
Anthony Frost | (Head of Corporate Communications) | 020 7756 5536 |
Israel Santos | (Head of Investor Relations) | 020 7756 4275 |
Related Shares:
Sant Uk.10te%