SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
22 February 2008
LLOYDS TSB GROUP plc
(Translation of registrant's name into English)
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F..X..Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes .....No ..X..
If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
Index to Exhibits
Item
No. 1 Regulatory News Service Announcement, dated 22 February 2008
re: Directorate Change
14/08
22nd February, 2008
LLOYDS TSB GROUP BOARD CHANGES
Earlier this month, we were delighted to announce that Sir David Manning, until
recently Her Majesty's Ambassador to the United States of America, would join
the board on 1st May, 2008.
We are also pleased that Ewan Brown will remain on the board and continue as our
senior independent non-executive director for a further year.
Jan du Plessis will succeed Ewan as chairman of the audit committee after our
annual general meeting in May of this year and Ewan will continue to give us the
benefit of his skills, knowledge and wide experience, as well as his
understanding of the group's activities, as a member of that committee.
Ewan will stand down from the board of Lloyds TSB Scotland, where he has been
chairman for the past nine years. He will be succeeded in that post, in May, by
Susan Rice, who will continue in her role as chief executive of that subsidiary.
Mike Fairey, Deputy Group Chief Executive, will be retiring from the board on
30th June 2008, following an illustrious career in the British banking industry,
during the last seventeen years of which he has made a significant contribution
to the group's business.
Sir Victor Blank, Chairman, said: "We are delighted to be welcoming Sir David
Manning to the board and that we shall continue to benefit from Ewan Brown's
financial and banking experience.
We shall be sorry to lose Mike Fairey from the board, where his wisdom and
experience have been invaluable over many years. We wish him well in
retirement."
- ends -
NOTES TO EDITORS:
Both the nomination committee and the board considered Ewan Brown's position as
senior independent non-executive director very carefully and concluded that
because he was independent in character and there were no relationships or
circumstances which were likely to affect, or would appear to affect, his
judgement he should remain in that role. Ewan will stand for re-election at the
annual general meeting, in accordance with the provisions of the combined code
on corporate governance issued by the Financial Reporting Council which apply to
independent non-executive directors who have served on the board for more than
nine years from the date of their first election.
BIOGRAPHICAL DETAILS
Ewan Brown CBE FRSE
Joined the board and became chairman of Lloyds TSB Scotland in 1999. Joined
Noble Grossart in 1969 and was an executive director of that company until
December 2003. A non-executive director of Noble Grossart and Stagecoach Group
and senior governor of the Court of the University of St Andrews. A former
chairman of tie and non-executive director of John Wood Group. Aged 65.
Jan P du Plessis
Joined the board in 2005. Chairman of British American Tobacco. Held a number
of senior and general management appointments in Rembrandt Group from 1981,
before joining Compagnie Financiere Richemont as group finance director in 1988,
a position he held until 2004. A former chairman of RHM from 2005 to 2007 and
group finance director of Rothmans International from 1990 to 1995. Aged 54.
Michael E Fairey
Joined TSB Group in 1991 and held a number of senior and general management
appointments before being appointed to the board in 1997 and deputy group chief
executive in 1998. Joined Barclays Bank in 1967 and held a number of senior and
general management appointments, including managing director of Barclays Direct
Lending Services from 1990 to 1991. A non-executive director of VTX Bidco
Limited. President of The British Quality Foundation and chairman of Race for
Opportunity. Aged 59.
Sir David Manning GCMG CVO
Joins the board on 1 May 2008. Entered the Foreign and Commonwealth Office in
1972 and held senior appointments, including HM ambassador to Israel between
1995 and 1998, foreign policy adviser to the Prime Minister from 2001 to 2003
and HM ambassador to the USA from 2003 to 2007. Aged 58.
For further information:-
Investor Relations
Michael Oliver +44 (0) 20 7356 2167
Director of Investor Relations
E-mail: michael.oliver@ltsb-finance.co.uk
Media
Mary Walsh +44 (0) 20 7356 2121
Director of Corporate Relations
E-mail: mary.walsh@lloydstsb.co.uk
Kirsty Clay
Senior Manager, Media Relations +44 (0) 20 7356 1517
E-mail: kirsty.clay@lloydstsb.co.uk
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds TSB Group, its current goals and
expectations relating to its future financial condition and performance. By
their nature, forward looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the future.
The Group's actual future results may differ materially from the results
expressed or implied in these forward looking statements as a result of a
variety of factors, including UK domestic and global economic and business
conditions, risks concerning borrower credit quality, market related risks such
as interest rate risk and exchange rate risk in its banking business and equity
risk in its insurance businesses, changing demographic trends, unexpected
changes to regulation, the policies and actions of governmental and regulatory
authorities in the UK or jurisdictions outside the UK, including other European
countries and the US, exposure to legal proceedings or complaints, changes in
customer preferences, competition and other factors. Please refer to the latest
Annual Report on Form 20-F filed with the US Securities and Exchange Commission
for a discussion of such factors. The forward looking statements contained in
this announcement are made as at the date of this announcement, and the Group
undertakes no obligation to update any of its forward looking statements.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LLOYDS TSB GROUP plc
(Registrant)
By: M D Oliver
Name: M D Oliver
Title: Director of Investor Relations
Date: 22 February 2008