(Alliance News) - Lloyds Banking Group PLC on Thursday said Non-Executive Director Simon Henry intends to retire on September 30 to allow him more time to pursue his other business commitments.
The FTSE 100-listed bank said following Henry's retirement, Sarah Legg, a non-executive director, will succeed him as chair of the audit committee, with effect from October 1.
Non-Executive Director Catherine Woods has also been appointed to join the audit committee with immediate effect.
"I and the board hugely appreciate the contribution Simon has made to the group during his six years on the board, including his leadership of the audit committee since 2016. We wish him well in his continuing board roles. I am delighted that Sarah Legg has agreed to take on the Chair of the audit committee when Simon retires," said Chair Norman Blackwell.
Lloyds shares were trading 0.9% lower in London on Thursday at 26.23 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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