Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Lloyds May Replace CEO With Bischoff or Moreno, Telegraph Says

Nov. 6 (Bloomberg) -- Lloyds Banking Group Plc may replace Chief Executive Officer Antonio Horta-Osorio with Chairman Win Bischoff or independent director Glen Moreno, the Sunday Telegraph said, without saying where it got the information.

Horta-Osorio would be substituted if he fails to return from medical leave, the newspaper said, adding that a decision could be made within two or three weeks.

Bischoff could become executive chairman, while Moreno would be named chief executive officer, according to the newspaper. Another possible candidate to take over as CEO is independent director David Roberts, the newspaper reported on its website. Any appointment wouldn’t be long term, according to the Telegraph.

Nathan Hatch, a spokesman for Lloyds, declined to comment when contacted by telephone today.

To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.