14th Sep 2005 10:30
Lloyds TSB Group PLC14 September 2005 LLOYDS TSB GROUP PLC 187/05 14 September 2005 BOARD CHANGE AT LLOYDS TSB GROUP The board of Lloyds TSB is pleased to announce the appointment of Lord Leitch ('Sandy') as a non-executive director of Lloyds TSB Group plc from 1st October2005. With a career spanning more than thirty years in financial services, Lord Leitchbrings considerable experience to the Group. Until recently, he was Chairmanand CEO of Zurich Financial Services' UKISA (UK, Ireland and South Africa) andAsia Pacific division and Head of its Global Life Business. Lord Leitch has been Chairman of the Life Insurance Council and the Associationof British Insurers. He is also a Non-Executive Director of United Business Media plc and BUPA. Maarten van den Bergh, Chairman of Lloyds TSB, said: "We are delighted to welcome Lord Leitch to the board. With his experience offinancial services he brings an excellent understanding of the complex issuesassociated with a regulated industry." - ends - Notes: 1. Biographical details attached. 2. To comply with paragraph LR 9.6.13R of the UK Listing Authority listing rules, the company confirms that: (i) except as stated above Lord Leitch has not held a directorship in any publicly quoted company during the past five years; and (ii) there are no matters required by paragraphs LR 9.6.13R (2) to (6) of the listing rules to be disclosed in relation to Lord Leitch. For further information:- Investor RelationsMichael Oliver +44 (0) 20 7356 2167Director of Investor Relations E-mail: [email protected] MediaMary Walsh +44 (0) 20 7356 2121Director of Corporate RelationsE-mail: [email protected] FORWARD LOOKING STATEMENTS This announcement contains forward looking statements with respect to thebusiness, strategy and plans of the Lloyds TSB Group and its current goals andexpectations relating to its future financial condition and performance.Statements that are not historical facts, including statements about Lloyds TSBGroup's or management's beliefs and expectations, are forward lookingstatements. By their nature, forward looking statements involve risk anduncertainty because they relate to events and depend on circumstances that willoccur in the future. Lloyds TSB Group's actual future results may differmaterially from the results expressed or implied in these forward lookingstatements as a result of a variety of factors, including UK domestic and globaleconomic and business conditions, risks concerning borrower credit quality,market related risks such as interest rate risk and exchange rate risk in itsbanking businesses and equity risk in its insurance businesses, inherent risksregarding changing demographic developments, catastrophic weather and similarcontingencies outside Lloyds TSB Group's control, any adverse experience ininherent operational risks, any unexpected developments in regulation orregulatory actions, changes in customer preferences, competition, industryconsolidation, acquisitions and other factors. For more information on theseand other factors, please refer to Lloyds TSB Group's Annual Report on Form 20-Ffiled with the US Securities and Exchange Commission and to any subsequentreports furnished by Lloyds TSB Group to the US Securities and ExchangeCommission or to the London Stock Exchange. The forward looking statementscontained in this announcement are made as of the date hereof, and Lloyds TSBGroup undertakes no obligation to update any of its forward looking statements. LORD LEITCH (Sandy) Career Zurich Financial Services is one of the World's largest insurance companies and,until recently, Sandy was Chairman and Chief Executive of UKISA/Asia PacificDivision and Head of Zurich's Global Life business. He has had extensive experience as a chairman (e.g. Threadneedle AssetManagement, Eagle Star, Dunbar Bank, Gresham) and on Plc Boards (e.g. BATIndustries, Allied Zurich, Allied Dunbar). His responsibilities have spanned 30countries and covered almost every area in Financial Services. He has played a prominent role nationally and was Chairman of the Life InsuranceCouncil from 1997 to 1998 and the Association of British Insurers from 1998 to2000. He is a Non-Executive Director at United Business Media plc and BUPA. Other External Activities Sandy has devoted enormous energy to improving Society. He was Chairman of UKCares and Deputy Chairman of Business in the Community. He chairs the NationalEmployment Panel (reporting to the Chancellor), and is Deputy Chairman of theCommonwealth Education Fund. He was also Chairman of the Balance Foundationuntil September 2005. He is Chairman of "The Leitch Review of Skills in the UK" - an independentreview advising Government on how to define the UK's optimum skills mix in orderto maximise economic growth and productivity by 2020. In 2004, he was awarded a Life Peerage. September 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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