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 1.92 years. total yearly compensation is £3.77M, comprised of 30.1% salary and 69.9% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth £124.01K. The average tenure of the management team and the board of directors is 7.2 years and 3.5 years respectively.
Key information
Charlie Nunn
Chief executive officer
UK£3.8m
Total compensation
| CEO salary percentage | 30.1% |
| CEO tenure | 1.9yrs |
| CEO ownership | 0.0004% |
| Management average tenure | 7.2yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | UK£6b |
| Dec 31 2022 | UK£4m | UK£1m | UK£5b |
| Sep 30 2022 | n/a | n/a | UK£4b |
| Jun 30 2022 | n/a | n/a | UK£4b |
| Mar 31 2022 | n/a | n/a | UK£5b |
| Dec 31 2021 | UK£6m | UK£426k | UK£5b |
Compensation vs Market: Charlie's total compensation ($USD4.86M) is about average for companies of similar size in the UK market ($USD5.14M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Nunn (52 yo)
1.9yrs
Tenure
UK£3,767,000
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 |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 1.9yrs | UK£3.77m | 0.00045% £ 124.0k | |
| Group CFO & Executive Director | 3.9yrs | UK£3.14m | 0.00022% £ 60.6k | |
| Interim Group Chief Operating Officer | 7.4yrs | no data | 0.0034% £ 937.0k | |
| Group Chief Information Officer | 5.1yrs | no data | no data | |
| Director of Group Strategy | no data | no data | no data | |
| Company Secretary & Group General Counsel | 8.5yrs | no data | no data | |
| Group Director of Conduct | 7.5yrs | no data | no data | |
| Head of Media Relations | no data | no data | no data | |
| Head of Corporate Development & Head of Commercial Banking Market | 6.9yrs | no data | no data | |
| Chief People & Places Officer | 1.1yrs | no data | no data | |
| Chief Executive Officer of Scottish Widows and Group Director of Insurance & Wealth | 12.3yrs | no data | 0.012% £ 3.3m | |
| Head of Global Services & MD | 10.4yrs | no data | no data |
7.2yrs
Average Tenure
57yo
Average Age
Experienced Management: LLPD's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 1.9yrs | UK£3.77m | 0.00045% £ 124.0k | |
| Group CFO & Executive Director | 3.9yrs | UK£3.14m | 0.00022% £ 60.6k | |
| Independent Non-Executive Director | 6.1yrs | UK£282.00k | 0.0035% £ 975.6k | |
| Independent Non-Executive Director | less than a year | UK£19.00k | 0.00067% £ 184.6k | |
| Independent Deputy Chairman & Senior Independent Director | 8.8yrs | UK£445.00k | 0.00031% £ 85.4k | |
| Non-Executive Independent Director | less than a year | UK£189.00k | 0.00026% £ 71.7k | |
| Independent Non-Executive Director | 4.8yrs | UK£175.00k | 0.00010% £ 27.6k | |
| Independent Non-Executive Director | 3.3yrs | UK£242.00k | 0.00017% £ 46.8k | |
| Independent Chairman | 2.8yrs | UK£625.00k | 0.0024% £ 650.4k | |
| Independent Non-Executive Director | 3.6yrs | UK£229.00k | 0.00031% £ 85.4k | |
| Independent Non-Executive Director | 1.7yrs | UK£98.00k | 0.000030% £ 8.3k | |
| Lead Technical Advisor | 5.4yrs | no data | no data |
3.5yrs
Average Tenure
60yo
Average Age
Experienced Board: LLPD's board of directors are considered experienced (3.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/07/11 00:44 |
| End of Day Share Price | 2023/07/11 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lloyds Banking Group plc is covered by 43 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jesús Gómez Dominguez | Banco Santander |
| Thomas Andrew Rayner | Barclays |
| Amandeep Rakkar | Barclays |