Board appointment details
Lloyds Banking Group plc has announced the appointment of Chris Rhodes as an independent non-executive director. Alongside his board seat, Rhodes will take up positions as a member of the Group's Audit Committee and Board Risk Committee. All appointments become effective from 1 November 2026. The group confirmed that there is no other information to be disclosed under UK Listing Rule 6.4.8R.
Banking background and career history
Rhodes brings over 30 years of UK banking industry experience to the role, having covered senior leadership positions across finance, treasury, operations, product and proposition development, and marketing. He began his career at Ernst & Whinney, a legacy firm of EY, before moving to Alliance & Leicester plc. At Alliance & Leicester he qualified as a chartered accountant and served in several roles including Interim Chief Executive Officer, Group Finance Director, Managing Director of Retail Banking, and Operations Director. He subsequently joined Nationwide Building Society, holding positions that included Chief Financial Officer, Chief Products and Proposition Officer, and Group Retail Director. Most recently, Rhodes served as Chief Executive Officer of Virgin Money until earlier this year, following its acquisition by Nationwide Building Society. Lloyds notes that he currently has no other external commitments.
Leadership commentary
Sir Robin Budenberg, Chair of Lloyds Banking Group, says that the group is delighted to welcome Rhodes to the board. Sir Robin highlights that Rhodes brings outstanding experience of the financial and regulatory management of financial institutions alongside deep retail customer knowledge.