By Marcus Leach
Contingency plans for Lloyds Banking Group have been drawn up following the possible extension of sick leave by chief executive Antonio Horta-Osorio.
With Tim Tookey, who has stepped in as interim chief earlier this month, due to leave Lloyds in February the bank has been forced to make alternative plans.
“The Board is pleased that António is making good progress and we are looking forward to his 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," Sir Win Bischoff, Chairman of Lloyds Banking Group, said.
“David Roberts has impressed his colleagues on the Board and the Group’s senior management with his understanding and broad experience of the banking and financial services sector. He has a strong track record in retail and commercial banking experience at the highest level.”
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