12th Jan 2005 14:00
Lloyds TSB Group PLC12 January 2005 12 January 2005 BOARD CHANGE AT LLOYDS TSB GROUP Lloyds TSB Group announces that Peter Ayliffe, Group Executive Director UKRetail Banking, will be leaving the company at the end of March 2005. He joinedthe Group in 1985, has had a successful career in the retail sector, and hasbeen instrumental in completing the first phase of the organic growth strategyfor our retail banking business. The Group has commenced a search for a replacement to lead the next phase of thedevelopment of the retail bank, and pending an appointment, the role of GroupExecutive Director UK Retail Banking will be undertaken by Mike Fairey, DeputyGroup Chief Executive, in addition to his existing duties. Peter Ayliffe will step down from the board at the end of January 2005 but willremain with the company until the end of March 2005 to help with thetransitional arrangements. Group Chief Executive, Eric Daniels, said: "I am very grateful to Peter for thecontribution he has made in his time with Lloyds TSB and wish him well in hisfuture career. As I indicated in our recent trading statement: the Groupexpects to report earnings broadly in line with market expectations for 2004,and to make further earnings progress in 2005 and beyond." Note to Editors: Peter Ayliffe joined Lloyds TSB in April 1985 and was appointedGroup Executive Director UK Retail Banking in June 2003. He will be compensatedin line with his contractual entitlement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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