Lloyds Names Interim CEO

The second-biggest publicly owned lender in U.K., Lloyds Banking Group, has selected non-executive board member David Roberts as a second interim CEO.

The second-biggest publicly owned lender in U.K., Lloyds Banking Group, has selected non-executive board member David Roberts as a second interim CEO, Bloomberg reports. He will replace Antonio Horta-Osorio, who is on medical leave this month, if his return to work is delayed beyond December 31.

Finance director Tim Tookey, who was the first interim CEO to replace Horta-Osorio, is leaving the bank in February to join insurer Friends Life. Roberts was previously associated with Barclays.

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