Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.
The company announced on 2 November that Horta-Osório had taken a leave of absence on medical advice, and says it has completed a "rigorous process" to assess his ability to return and lead the group. The bank said independent medical advice concluded the former Santander UK CEO has now made a full recovery. Lloyds CFO Tim Tookey, himself due to leave the business in February, had been installed as interim CEO in Horta-Osório's absence. Shares in Lloyds reversed earlier losses on the news of Horta-Osório's return to stand up 0.3% on the day at 24.8p. Horta-Osório's direct reporting...
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