By Razak Musah Baba
LONDON--Lloyds Banking Group PLC (LLOY.LN) said Monday it has appointed Norman Blackwell as chairman of the banking group with effect from April 3, when current chairman Sir Winfried Bischoff retires.
Lord Blackwell was appointed chairman of Lloyds' Scottish Widows subsidiary in September last year. He has been a non-executive director of the 33% government-owned bank since June 2012 and is also chairman of global support services firm Interserve PLC (IRV.LN), a role he has held since January 2006.
He has also held positions within the U.K. Government. From 1986 to 1987, Lord Blackwell was a member of Margaret Thatcher's Prime Minister's Policy Unit and then served as head of the Prime Minister's Policy Unit under the government of John Major from 1995 to 1997, where he coordinated domestic policy development across government departments.
Mr. Bischoff announced his plans to retire "no later than the shareholders meeting in May 2014" in May. He joined the Lloyds board in September 2009.
Lloyds Banking Group PLC shares at 1125 GMT traded up 1 pence, or 1.1%, at 78 pence in a slightly lower FTSE 100 Index--down 0.7%.
--Ian Walker contributed to this article.
Write to Razak Musah Baba at email@example.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 02, 2013 07:01 ET (12:01 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
|Lloyds Banking Group Plans to Name Norman Blackwell Chairman Upon Bischoff's Retirement -Reports (2013/11/29)|
|Lloyds Banking Group PLC ECN Tender Offer Retail (2014/3/20)|
|FCA Fines Lloyds Banking Group Firms GBP28 Million for Sales Incentive Failings (2013/12/11)|
|UK Financial Investments to Sell 7.5% of Lloyds Banking Group -- Update (2014/3/25)|
|Lloyds Banking Group Raises GBP680 Million From St James's Stake Placing ()|
|Lloyds Banking Group to Sell Remaining St James's Place Stake (2013/12/9)|
|Lloyds Banking Group Sells UK Real Estate Loan Portfolio for GBP90 Million (2013/12/9)|
|UK Financial Investments to Sell 7.5% of Lloyds Banking Group (2014/3/25)|
|Lloyds Banking Group plc 2013 -- Forecast (2014/2/10)|
|Lloyds Banking Group Sells Irish Retail Mortgage Portfolio (2013/12/6)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.