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 2.67 years. total yearly compensation is £3.68M, comprised of 30.9% salary and 69.1% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth £3.00M. The average tenure of the management team and the board of directors is 5.6 years and 4.2 years respectively.

Key information

Charlie Nunn

Chief executive officer

UK£3.7m

Total compensation

CEO salary percentage	30.9%
CEO tenure	2.7yrs
CEO ownership	0.009%
Management average tenure	5.6yrs
Board average tenure	4.2yrs

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
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£5b
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 ($USD4.61M) is about average for companies of similar size in the UK market ($USD5.62M).

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

CEO

Charlie Nunn (52 yo)

2.7yrs

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	2.7yrs	UK£3.68m	0.0093% £ 3.0m
William Leon Chalmers	Group CFO & Executive Director	4.7yrs	UK£3.10m	0.012% £ 4.0m
Ron Kemenade	Group Chief Operating Officer	less than a year	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	9.3yrs	no data	no data
Matt Smith	Head of Media Relations	no data	no data	no data
Suresh Balaji	Chief Marketing Officer	less than a year	no data	no data
Sharon Doherty	Chief People & Places Officer	1.8yrs	no data	no data
Chris Sood-Nicholls	Head of Global Services & MD	11.2yrs	no data	no data
Stephen Shelley	Group Chief Risk Officer	6.6yrs	no data	0.0097% £ 3.1m
Miranda Zhao	Head of U.K. Funds	9.4yrs	no data	no data
Theresa Newell	Co-Head of Leveraged Credit Sales & MD	9.3yrs	no data	no data

5.6yrs

Average Tenure

53.5yo

Average Age

Experienced Management: LLOYL's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Nunn	Group Chief Executive & Executive Director	2.7yrs	UK£3.68m	0.0093% £ 3.0m
William Leon Chalmers	Group CFO & Executive Director	4.7yrs	UK£3.10m	0.012% £ 4.0m
James Roger Lupton	Independent Non-Executive Director	6.8yrs	UK£292.00k	0.0036% £ 1.2m
Catherine Turner	Senior Independent Director	1.4yrs	UK£157.00k	0.00067% £ 216.9k
Alan Dickinson	Independent Deputy Chairman	9.6yrs	UK£405.00k	0.00032% £ 103.6k
Jonathan Wheway	Non-Executive Independent Director	1.7yrs	UK£189.00k	0.00027% £ 87.4k
Amanda Mackenzie	Independent Non-Executive Director	5.5yrs	UK£175.00k	0.00010% £ 32.4k
Catherine Woods	Independent Non-Executive Director	4.1yrs	UK£269.00k	0.00018% £ 58.3k
Robin Budenberg	Independent Chairman	3.5yrs	UK£631.00k	0.0040% £ 1.3m
Sarah Catherine Legg	Independent Non-Executive Director	4.3yrs	UK£233.00k	0.00032% £ 103.6k
Harmeen Mehta	Independent Non-Executive Director	2.4yrs	UK£103.00k	0.000030% £ 9.7k
Anish Mohammed	Lead Technical Advisor	6.2yrs	no data	no data

4.2yrs

Average Tenure

60yo

Average Age

Experienced Board: LLOYL's board of directors are considered experienced (4.2 years average tenure).

Lloyds Banking Group Management

Management criteria checks 4/4

Key information

Recent management updates

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

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

Recent updates

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

New major risk - Revenue and earnings growth

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)

New major risk - Revenue and earnings growth

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)

Now 21% undervalued after recent price drop

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)

Now 20% undervalued after recent price drop

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

Key Executive recently bought UK£137k worth of stock

Insider recently sold UK£2.1m 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 UK£727k 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 UK£65k worth of stock

Insider recently sold UK£110k 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 UK£237k 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 UK£437k 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 UK£82k worth of stock

Second quarter 2021 earnings released: EPS UK£0.034 (vs UK£0.002 loss in 2Q 2020)

Key Executive recently sold UK£234k worth of stock

Insider recently sold UK£435k worth of stock

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

Independent Chairman recently bought UK£227k worth of stock

Independent Chairman recently bought UK£227k worth of stock