Business Context and Reporting Period
This Form 6-K filing by Lloyds Banking Group plc (LBG) was submitted on October 13, 2025. The report serves as a Regulatory News Service Announcement regarding a specific Board Change effective October 31, 2025.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance announcement and contains no financial performance data.
Material Changes
The primary material change is the departure of Scott Wheway from the LBG Board. He is stepping down as a Non-Executive Director and as Chair of Scottish Widows Group. Additionally, he will cease membership on the Board Risk Committee and the Nomination and Governance Committee.
Outlook, Management Commentary, and Risks
- Succession Plan: A process to appoint the next Chair of Scottish Widows Group will be initiated.
- Interim Leadership: Chris Moulder, currently the Senior Independent Director of Scottish Widows Group, will assume the role of interim Chair subject to regulatory approval.
- Management Commentary: Sir Robin Budenberg, LBG Chair, thanked Mr. Wheway for his leadership and commercial acumen, expressing best wishes for his new role as Chair at Legal & General Group Plc (effective January 2, 2026).
- Risks and Contingencies: The filing does not disclose new financial risks or contingencies, noting only the standard requirement for regulatory approval regarding the interim appointment.
Key Facts for Investor Verification
- Scott Wheway's departure date is October 31, 2025.
- Chris Moulder's appointment as interim Chair of Scottish Widows Group is conditional on regulatory approval.
- Scott Wheway will join Legal & General Group Plc as a Non-Executive Director starting January 2, 2026.
- No financial results or guidance are included in this specific filing.