Plus   Neg

Lloyds Banking Group: Robin Budenberg To Succeed Lord Blackwell As Chairman

Lloyds Banking Group plc (LLOY.L,LYG) announced that Robin Budenberg CBE has been selected to succeed Lord Blackwell as Chairman. Before assuming the role of Chair of Lloyds Banking Group, Robin Budenberg will step down from his current roles at Centerview Partners and on the boards of Big Society Trust and Charity Bank, but will continue as Chairman of The Crown Estate. Robin will join the Group Board on October 1st 2020 and take over as Chair in early 2021.

The Group also announced that António Horta-Osório has informed the Board of his intention to step down as Chief Executive in 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network. Shell International Petroleum Co. Ltd. and Microsoft Corp. formed a strategic alliance to develop new solutions to achieve net-zero emissions. The alliance will support Shell's ambition to be a net-zero emissions energy business by 2050. Meanwhile, Shell's supply of renewable energy to Microsoft is expected to help it deliver on its renewable energy supply goals.
Follow RTT