– UK, London – Lloyds Banking Group PLC (LON: LLOY) today announced the selection of Robin Budenberg CBE as the successor of the current chairman, Lord Blackwell. Robin will join the Group Board on October 1st 2020 and take over as Chair in early 2021 when Lord Blackwell steps down from the Board.
“I am delighted to welcome Robin Budenberg to the Board as my successor. His knowledge of the Group combined with his broad experience in both financial services and other strategic advisory roles give him an outstanding background to provide the Board leadership required to support the continued transformation of the Group,” said Lord Blackwell.
About Robin Budenberg
During a long career with S.G. Warburg/UBS Investment Bank, Robin Budenberg worked closely with the Government in 2008 as an advisor on the recapitalisation of the UK banking industry. In 2009 he became Chief Executive, then Chairman, of UK Financial Investments with responsibility for managing the UK Government’s investment in UK banks, including Lloyds. In 2014, Robin became London Chairman of Centerview Partners, the US-based independent advisory firm, and in 2016 he was appointed Chairman of The Crown Estate, which has a diverse £14 billion portfolio with its profits remitted to the Treasury for the benefit of the public finances. Before he assumes the role of Chair of Lloyds Banking Group he 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 Budenberg commented: “Lloyds will play a vital role as Britain recovers from the current crisis. It is a great honour and challenge to take on the role of Chair at this time and I hope to continue Norman and António’s work, initially alongside António, in pursuing Lloyds’ core purpose of Helping Britain Prosper and in building the culture of the bank in order to support that purpose.”
His selection followed an extensive search process led by the Group’s Senior Independent Director, Alan Dickinson.
For more information: https://www.lloydsbankinggroup.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
