Daniels leaves BT directorship

Marion Dakers
ERIC Daniels, the chief executive of Lloyds Banking Group during its doomed takeover of HBOS, has stepped down from a non-executive directorship at BT.

The telecoms group said Daniels will step down on 13 June after four years on its board.

Chairman Sir Mike Rake said in a statement: “Eric has been a great asset and we have particularly valued his global business experience.”

Daniels joined Stormharbour Investments in January, having left the top job at Lloyds in February 2011.