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

William Turvill
Follow William
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)

Related articles