24th May 2005 09:31
Lloyds TSB Group PLC24 May 2005 103/05 24 May 2005 LLOYDS TSB GROUP APPOINTS EXECUTIVE DIRECTOR UK RETAIL BANKING Lloyds TSB Group announces the appointment of Teresa ('Terri') Dial, as GroupExecutive Director UK Retail Banking. Terri Dial brings considerable experience to the Group, having spent 28 years atWells Fargo in the US, most recently as Group EVP (Executive Vice President) andmember of the management committee of Wells Fargo & Co. and President and CEO ofWells Fargo Bank. Wells Fargo Bank is one of the US's largest retail banks withover 3,000 branches and over 16 million customers across 23 states. Widely known as one of the US's most prominent retail bankers, Terri was seen asthe driving force in the growth and success of Wells Fargo's retail and smallbusiness banking. Dick Kovacevich, Chairman and CEO, Wells Fargo & Co, said: "Terri is anexceptional and experienced retail banker and business executive with a naturalinstinct for what customers want. In her time at Wells Fargo, she and her teamintroduced new and innovative products, technology, and distribution strategiesthat have now been adopted throughout the United States banking industry. Sheis a real coup for Lloyds TSB and is sure to make a terrific contribution totheir business." Terri retired from Wells Fargo in 2001 and since then has held a portfolio ofdirectorships with small cap technology oriented companies including Chairman ofthe LookSmart Corporation and Lead Director of Onyx Software. Eric Daniels, Group Chief Executive, said: "Terri brings outstanding retailbanking experience and a terrific track record and I am delighted to welcome herto the team. With her vision and leadership, she has the ability to develop ourretail business to its full potential." Terri Dial said: "This is a tremendous opportunity for me to lead the retailbank within Lloyds TSB and I am excited by the scope of the role. I wasattracted by the brand, franchise and heritage of the Group and am lookingforward to growing the business for the future." Terri will join Lloyds TSB on 1 June 2005. - ends - Notes: 1. Biographical details about Teresa Dial are attached. 2. To comply with paragraph 16.4 of the UK Listing Authority listingrules, the company confirms that: (i) Teresa Dial has held directorships during the past five years inOnyx Software, NDCHealth, Wink Communications, LookSmart and Pinnacle Systems,all of which were publicly quoted companies; and (ii) there are no matters required by paragraphs 6.F.2 (b) to (g) of thelisting rules to be disclosed regarding her. Biographical details: 2004 to date Chairman, LookSmart Corporation Non executive Director, Pinnacle Systems Inc2001 to date Non executive Director, NDCHealth Lead Director, Onyx Software Corp (Lead Director since 2004 and non executive director since 2001)1973 - 2001 Wells Fargo Bank 1998 - 2001 President & CEO, Wells Fargo Bank Group EVP and member of the management committee, Wells Fargo & Co 1997 - 1998 Vice Chairman, Consumer and Small Business Banking Group 1996 - 1997 Vice Chairman, Business Banking & Consumer Credit 1991 - 1996 EVP and Group Head, Business Banking 1973 - 1991 Various senior management and operational rolesAwards: Received awards from the National Association of Women Business Owners, the Association of Women CPAs, NOW Legal Defense and Education Fund, San Francisco Business Times and the California Small Business RoundtableEducation: Northwestern University - degree in Political ScienceAge: 55 For further information: Investor Relations +44 (0) 20 7356 2167 Michael Oliver Director of Investor Relations E-mail: [email protected] Media +44 (0) 20 7356 2121 Mary Walsh Director of Corporate Relations E-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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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