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Two Lloyds execs set to leave as pressure grows on banking group

William Turvill
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Lloyds Banking Group's share price is down more than four per cent this afternoon (Source: Getty)

Two of Lloyds’ most senior executives are set to leave the banking group.

The company’s group director of digital Miguel Angel Rodriguez-Sola is to depart after three years in his position.

And Mary Hall, the bank’s group audit director, is also set for an exit, Sky News first reported.

Read more: RBS and Lloyds shares tumble after Deutsche downgrade

Rodriguez-Sola is said to pursuing an opportunity with a tech company in his native Spain and will, subject to the approval of regulators, be replaced by Zak Mian.

The departures come at a time when chief executive Antonio Horta-Osorio is aiming to cut an additional 3,000 jobs by the end of next year.

Horta-Osorio has come under pressure in recent weeks over tabloid newspaper claims over an extramarital affair.

Read more: The hardest word: Full text of Lloyds boss's apology over tryst allegations

In addition, the Financial Times reported over the weekend that shareholders are pushing the chief to step up a succession plan for the position.

Lloyds’ share price is down more than four per cent today to 56.86p, having dipped from above 70p before the EU referendum.

12 September 2016 @ 1:15pmLloyds Banking Group (LLOY)

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