Lloyds Banking Group Management

Management criteria checks 4/4

Lloyds Banking Group's CEO is Charlie Nunn, appointed in Aug 2021, has a tenure of 3.25 years. total yearly compensation is £3.68M, comprised of 30.9% salary and 69.1% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth €4.34M. The average tenure of the management team and the board of directors is 6.2 years and 4.1 years respectively.

Key information

Charlie Nunn

Chief executive officer

UK£3.7m

Total compensation

CEO salary percentage	30.9%
CEO tenure	3.3yrs
CEO ownership	0.01%
Management average tenure	6.2yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Charlie Nunn's remuneration changed compared to Lloyds Banking Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	UK£4b
Jun 30 2024	n/a	n/a	UK£5b
Mar 31 2024	n/a	n/a	UK£4b
Dec 31 2023	UK£4m	UK£1m	UK£5b
Sep 30 2023	n/a	n/a	UK£4b
Jun 30 2023	n/a	n/a	UK£4b
Mar 31 2023	n/a	n/a	UK£4b
Dec 31 2022	UK£4m	UK£1m	UK£3b
Sep 30 2022	n/a	n/a	UK£3b
Jun 30 2022	n/a	n/a	UK£4b
Mar 31 2022	n/a	n/a	UK£5b
Jan 01 2022	n/a	n/a	UK£5b

Compensation vs Market: Charlie's total compensation ($USD4.61M) is about average for companies of similar size in the German market ($USD4.78M).

Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.

CEO

Charlie Nunn (53 yo)

3.3yrs

Tenure

UK£3,681,000

Compensation

Mr. Charles Alan Nunn, also known as Charlie, has been Group Chief Executive & Executive Director at Lloyds Banking Group Plc and HBOS plc since August 16, 2021. He serves as Executive Director and Chief E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles Nunn	Group Chief Executive & Executive Director	3.3yrs	UK£3.68m	0.011% € 4.3m
William Leon Chalmers	Group CFO & Executive Director	5.3yrs	UK£3.10m	0.015% € 5.9m
Ron Kemenade	Group Chief Operating Officer	1.4yrs	no data	no data
Carla A. Antunes Da Silva	Director of Group Strategy	no data	no data	no data
Catherine Cheetham	Company Secretary & Group General Counsel	9.8yrs	no data	no data
Matt Smith	Head of Media Relations	no data	no data	no data
Suresh Balaji	Chief Marketing Officer	1.1yrs	no data	no data
Sharon Doherty	Chief People & Places Officer	2.4yrs	no data	no data
Chris Sood-Nicholls	Head of Global Services & MD	11.8yrs	no data	no data
Stephen Shelley	Group Chief Risk Officer	7.2yrs	no data	0.010% € 4.0m
Miranda Zhao	Head of U.K. Funds	10yrs	no data	no data
Theresa Newell	Co-Head of Leveraged Credit Sales & MD	9.9yrs	no data	no data

6.2yrs

Average Tenure

55yo

Average Age

Experienced Management: LLD's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Nunn	Group Chief Executive & Executive Director	3.3yrs	UK£3.68m	0.011% € 4.3m
William Leon Chalmers	Group CFO & Executive Director	5.3yrs	UK£3.10m	0.015% € 5.9m
Catherine Turner	Senior Independent Director	2yrs	UK£157.00k	0.00070% € 277.5k
Jonathan Wheway	Non-Executive Independent Director	2.3yrs	UK£483.00k	0.00028% € 111.0k
Nathan Bostock	Independent Non-Executive Director	less than a year	no data	no data
Amanda Mackenzie	Independent Non-Executive Director	6.1yrs	UK£180.00k	0.00011% € 43.6k
Catherine Woods	Independent Non-Executive Director	4.7yrs	UK£269.00k	0.00020% € 79.3k
Robin Budenberg	Independent Chairman	4.1yrs	UK£631.00k	0.0041% € 1.6m
Sarah Catherine Legg	Independent Non-Executive Director	4.9yrs	UK£233.00k	0.00033% € 130.8k
Harmeen Mehta	Independent Non-Executive Director	3yrs	UK£103.00k	0.000030% € 11.9k
Anish Mohammed	Lead Technical Advisor	6.8yrs	no data	no data

4.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: LLD's board of directors are considered experienced (4.1 years average tenure).

Lloyds Banking Group Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

Lloyds Banking Group plc Appoints Nathan as Non-Executive Director on 1 August 2024, Member of the Board Risk Committee and Become Member of the Audit Committee on 1 October 2024

Lloyds Banking Group Appoints Khadija Ali as Group Director of Sustainability and Responsible Business

Lloyds Banking Group plc Appoints Linda Weston as Head of Commercial Cards

Lloyds Banking Group plc, Annual General Meeting, May 16, 2024

Lord Lupton Intends to Step Down as a Non-Executive Director of the Lloyds Banking Group plc

Recent updates

Third quarter 2024 earnings released: EPS: UK£0.019 (vs UK£0.02 in 3Q 2023)

High number of new directors

First half dividend of UK£0.011 announced

Second quarter 2024 earnings released: EPS: UK£0.017 (vs UK£0.015 in 2Q 2023)

Now 22% undervalued

Lloyds Banking Group plc Appoints Nathan as Non-Executive Director on 1 August 2024, Member of the Board Risk Committee and Become Member of the Audit Committee on 1 October 2024

Lloyds Banking Group Appoints Khadija Ali as Group Director of Sustainability and Responsible Business

Now 22% undervalued

Lloyds Banking Group plc Approves Final Dividend

First quarter 2024 earnings released: EPS: UK£0.017 (vs UK£0.023 in 1Q 2023)

Lloyds Banking Group plc Appoints Linda Weston as Head of Commercial Cards

Upcoming dividend of UK£0.018 per share

New major risk - Revenue and earnings growth

Lloyds Banking Group plc to Report Fiscal Year 2023 Results on Feb 29, 2024

Full year 2023 earnings released: EPS: UK£0.076 (vs UK£0.073 in FY 2022)

Lloyds Banking Group plc (LSE:LLOY) announces an Equity Buyback for £2,000 million worth of its shares.

Lloyds Banking Group plc, Annual General Meeting, May 16, 2024

Lord Lupton Intends to Step Down as a Non-Executive Director of the Lloyds Banking Group plc

Lloyds Banking Group plc Announces Board Committee Change, with Effect from 1 February 2024

Lloyds Banking Group plc Appoints Amanda Mackenzie as Member of the Audit Committee, Effective1 January 2024

Lloyds Prepares Bid to Buy Tesco Bank as Supermarket Moves to Offload Lending Unit

Third quarter 2023 earnings released: EPS: UK£0.02 (vs UK£0.016 in 3Q 2022)

Barclay Family Reportedly Lines Up £1 Billion Bid for Telegraph Ahead of Auction

Lloyds Banking Group plc Appoints Suresh Balaji as Chief Marketing Officer on 16 October 2023

Lloyds Banking Group plc Announces Board and Committee Changes

Lloyds Banking Group plc to Report Fiscal Year 2023 Results on Feb 22, 2024

Lloyds Banking Group plc Announces Interim Ordinary Dividend for the Half Year Ended June 30, 2023, Payable on 12 September 2023

Second quarter 2023 earnings released: EPS: UK£0.015 (vs UK£0.018 in 2Q 2022)

Lloyds Banking Group Appoints Sirisha Voruganti as Chief Executive Officer and Managing Director of Lloyds Technology Centre

Lloyds Banking Group Appoints Sirisha Voruganti as Chief Executive Officer and Managing Director of Lloyds Technology Centre

Lloyds Banking Group plc Declares Final Dividend

First quarter 2023 earnings released: EPS: UK£0.023 (vs UK£0.015 in 1Q 2022)

Upcoming dividend of UK£0.016 per share at 4.9% yield

Now 20% undervalued

Key Executive recently bought €156k worth of stock

Now 21% undervalued

Insider recently sold €2.4m worth of stock

Full year 2022 earnings released: EPS: UK£0.073 (vs UK£0.075 in FY 2021)

Lloyds Bank Appoints Tim Biddle as New Head of Invoice and Asset Finance Sales

Lloyds Bank Appoints Maria Shaw as Head of Card Payments and Sales

Lloyds Banking Group plc to Report First Half, 2023 Results on Jul 26, 2023

Insider recently sold €834k worth of stock

Lloyds Bank Announces Matt Pollard as Regional Head for Yorkshire

Lloyds Banking Group plc Appoints Nick Williams as Its New Managing Director

High number of new directors

Lloyds Banking Group Appoints Chirantan Barua as CEO Ofscottish Widows

Third quarter 2022 earnings released: EPS: UK£0.011 (vs UK£0.015 in 3Q 2021)

Lloyds Banking Group Announces Launch of its Innovation Sandbox with Support from NayaOne

Lloyds Banking Group Appoints Mac Alonge to Advisory Committee

Lloyds Banking Group plc Appoints Cathy Turner as an Independent Non-Executive Director and A Member of the Remuneration Committee, Effective 1 November 2022

Lloyds Appoints John Winter as CEO for Corporate and Institutional Banking, Effective from September 1, 2022

Second quarter 2022 earnings released: EPS: UK£0.022 (vs UK£0.034 in 2Q 2021)

Lloyds Banking Group plc Announces Interim Dividend for 2022 Payable on 12 September 2022

Lloyds Banking Group Announces Scott Wheway as Member of the Nomination and Governance Committee and the Board Risk Committee, Effective August 1, 2022

Lloyds Banking Group plc Appoints Scott Wheway as Non-Executive Director, with Effect from 1 August 2022

Insider recently sold €76k worth of stock

Insider recently sold €130k worth of stock

First quarter 2022 earnings released: EPS: UK£0.015 (vs UK£0.018 in 1Q 2021)

High number of new directors

Lloyds Banking Group Appoints Dr. Rebecca Heaton as Director of Environmental Sustainability

Upcoming dividend of UK£0.013 per share

Independent Chairman recently bought €283k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Lloyds Banking Group plc, Annual General Meeting, May 12, 2022

Lloyds Banking Group plc Recommends Final Ordinary Dividend for 2021, Payable on 19 May 2022

Insider recently sold €511k worth of stock

Third quarter 2021 earnings released: EPS UK£0.02 (vs UK£0.008 in 3Q 2020)

Independent Non-Executive Director Nicholas Edward Prettejohn has left the company

Group CFO & Executive Director recently bought €95k worth of stock