Bloomberg News

Lloyds CEO Said to Request Leave of Absence on Medical Advice

November 02, 2011

Nov. 2 (Bloomberg) -- Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio requested a leave of absence on medical advice, according to a person with knowledge of the matter.

Lloyds’s board will meet this morning to decide his interim replacement, said the person, who declined to be identified because the talks are private. Horta-Osorio, who became CEO in March, is expected to return before the end of the year, the person said.

Officials at Lloyds declined to comment on the move, which was first reported by the Financial Times.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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