Lloyds CEO steps down as Robin Budenberg appointed chair

Horta-Osório delivered three strategic plans in his time as chief executive of the bank, which has seen great change since the Global Financial Crisis, after which it has recovered from the brink of collapse. To support a smooth transition, Lloyds announced on Monday that Horta-Osório will remain with the bank until "a target date" at the end of June next year, at which point he will retire from Lloyds. In the meantime, he will work with the executive team on delivering the remainder of the current strategic plan, as well as the plans put in place to address the Covid-19 pandemic effects...