Sept. 21 (Bloomberg) -- Lloyds Banking Group Plc Chief Executive Officer Eric Daniels could step down within five months, the Financial Times reported, citing unidentified people involved with finding a successor to Daniels.
One of the people said a new chief may be in place by the time the bank releases its annual results in February, the FT said. Daniels will leave the company without a payoff, the newspaper said. He is contractually entitled to as much as 7.77 million shares, currently worth 6 million pounds ($9.3 million), the FT said.
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