Lloyds draws up shortlist of candidates to replace CEO, reports claim

30 March 2010

Lloyds Banking Group has created a list of potential candidates to replace its chief executive officer (CEO).

According to an unnamed source, recruitment firm JCA Group was commissioned to produce a list of would-be successors to current post holder Eric Daniels.

Tom Kalaris, chief executive of Barclays Wealth, Douglas Flint, the current HSBC finance director and Richard Meddings, the Standard Chartered finance director, are thought to be among the candidates lined up by the firm.

However, in a statement, Lloyds denied that it was looking to hire a replacement for its current CEO.

The bank said: “Eric Daniels is a very experienced chief executive and is successfully leading the largest integration ever undertaken in the UK banking sector. He has the aptitude, appetite, and energy, to lead the company forward.

"The board fully supports Eric Daniels and values highly the contribution he is making. We are not recruiting another chief executive."

Shareholders at the financial institution are believed to blame Mr Daniels for leading the bank into acquiring HBOS.

The acquisition led the firm giving up a 41 per cent stake to the government in exchange for £20 billion worth of financial support.

By Jim Ottewill

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