Lloyds Banking Group share price rises as it appoints to new non-exec directors
Lloyds banking group today announced the appointment of two new non-executive directors to its board.
Deborah McWhinney will service as a member of the audit and risk committees from 1 December, while Stuart Sinclair will service on the remuneration and risk committees from 4 January.
The bank also said that Dyfrig John, an independent non-executive director, wishes to reduce his workload and as such doesn't intend to seek re-election at the 2016 annual general meeting.
"I am delighted to have two new members with such deep experience in banking and wider financial services join the board," Lord Blackwell, chairman of Lloyds, said.
"Deborah brings to the board an extensive executive background in managing technology, operations and new digital innovations across banking, payments and institutional investment. She will also broaden our diversity with a US market perspective.
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"Stuart, in addition to his retail banking experience, also brings wider experience of consumer and asset finance as well as insurance.
"These two appointments will help ensure the Board is well placed to address future technology and market risks across the full range of business areas in which we operate."
Shares in the company were trading up 0.63 per cent to 73.59p per share at pixel time.