Lloyds annouces Horta-Osório's replacement

David Roberts, a non-executive director since 2010 and chairman of Lloyds' risk committee, will take up the position of interim group chief executive, should Horta-Osório's (pictured) recovery from illness be delayed. Sir Win Bischoff, chairman of Lloyds Banking group, said António is making good progress and is on track to return at the end of the year. "However, we recognise it is important that we formalise the contingency arrangements if António's return is delayed. "David Roberts has impressed his colleagues on the board and the Group's senior management with his understanding...