24th Sep 2007 14:45
Lloyds TSB Group PLC24 September 2007 115/07 24 September 2007 LLOYDS TSB GROUP BOARD CHANGE Lloyds TSB Group is pleased to announce that Lord Leitch will become chairman ofits Scottish Widows subsidiary on 1st October, 2007, when Gavin Gemmell stepsdown from that position. Mr. Gemmell will remain on the Scottish Widows board until the end of the year,but will relinquish his directorships of Lloyds TSB Group and Lloyds TSB Bank on30th September. Sir Victor Blank, Chairman of Lloyds TSB, said: "We are very grateful to Gavin for the significant contribution he has made asChairman of Scottish Widows and a director of Lloyds TSB, where his involvementin our business spans over twenty years. We are also delighted that SandyLeitch is taking over as Chairman of Scottish Widows. With Sandy's vastexperience of financial services, and the insurance industry in particular, hisknowledge and expertise will be invaluable." - ends - For further information:- Investor RelationsMichael Oliver +44 (0) 20 7356 2167Director of Investor RelationsE-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, its current goals andexpectations relating to its future financial condition and performance. Bytheir nature, forward looking statements involve risk and uncertainty becausethey relate to events and depend on circumstances that will occur in the future. The Group's actual future results may differ materially from the resultsexpressed or implied in these forward looking statements as a result of avariety of factors, including UK domestic and global economic and businessconditions, risks concerning borrower credit quality, market related risks suchas interest rate risk and exchange rate risk in its banking business and equityrisk in its insurance businesses, changing demographic trends, unexpectedchanges to regulation, the policies and actions of governmental and regulatoryauthorities in the UK or jurisdictions outside the UK, including other Europeancountries and the US, changes in customer preferences, competition and otherfactors. Please refer to the latest Annual Report on Form 20-F filed with theUS Securities and Exchange Commission for a discussion of such factors. Theforward looking statements contained in this announcement are made as at thedate of this announcement, and the Group undertakes no obligation to update anyof its forward looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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