BusinessCompany NewsLloyds FD to take interim chief executive role

Lloyds FD to take interim chief executive role

Tim Tookey to hold interim chief executive role after illness strikes down Horta-Osorio

LLOYDS Banking Group’s CFO Tim Tookey is taking on the chief executive role after Antonio Horta-Osorio temporarily stepped down due to illness.

Horta-Osorio, who stepped down this morning, is expected to return by the end of the year.

Tookey will serve as interim group chief executive alongside his CFO duties. He joined the group as deputy finance director in 2006 before taking the top finance role in 2008.

The ICAEW fellow spent 11 years at KPMG before serving in FD roles at Heath Lambert Group and Prudential.

In September, Lloyds announced that Tookey would leave in February 2012 to join Friends Life.

Lloyds’ shares fell 1.56p, to 29p, in this morning’s trading.

For more companies and markets data visit the Share Price Centre

Related Articles

Ex-Sage CEO & FD joins Wandisco as chairman

Company News Ex-Sage CEO & FD joins Wandisco as chairman

4y Rachael Singh, Writer
PwC: RSA's problems limited to Irish operation

Audit PwC: RSA's problems limited to Irish operation

4y Kevin Reed, Writer
Debenhams CFO departs as tough trading hits home

Company News Debenhams CFO departs as tough trading hits home

4y Kevin Reed, Writer
Costa FD swaps coffee for Moneysupermarket.com

Company News Costa FD swaps coffee for Moneysupermarket.com

4y Rachael Singh, Writer
Ex-International Power CFO named Imperial Tobacco chair

Company News Ex-International Power CFO named Imperial Tobacco chair

4y Rachael Singh, Writer
Finance function is ‘root of small company underperformance’

Company News Finance function is ‘root of small company underperformance’

4y Richard Crump, Writer
AstraZeneca names new CFO as profits dip

Company News AstraZeneca names new CFO as profits dip

4y Richard Crump, Writer
Ex-Centrica finance chief to head up Cable & Wireless

Company News Ex-Centrica finance chief to head up Cable & Wireless

4y Kevin Reed, Writer