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Moreno to step down at Lloyds

Lloyds Banking Group has announced that Glen Moreno, its senior independent director, intends not to seek re-election at the bank’s annual general meeting on 17th May, and will retire from the board on that date.

Mr Moreno joined the board in March 2010, having been a non-executive director and senior independent director of Man Group, the FTSE 100 financial services group, until 2009.

Lloyds’ chairman, Sir Win Bischoff, comments: “Glen has been an indefatigable champion of the shareholders of Lloyds and a constructive and informed voice in our deliberations on the Board.

“His contribution has been highly valued over the last two years and my colleagues and I will greatly miss his counsel.”

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