![](https://static.standard.co.uk/s3fs-public/thumbnails/image/2013/10/29/13/lloyds%20logo.jpg?crop=8:5,smart&quality=75&auto=webp&width=1024)
2 December 2013
Lloyds Banking Group today confimed that Lord Blackwell will be its next chairman.
He will take over from Sir Win Bischoff on April 3.
Lloyds, which is 33% owned by the taxpayer, has been hunting for a new chairman since Bischoff announced his plan to stand down in June.
Blackwell, who is a former advisor to Sir John Major, is a Tory peer and already chairman of Lloyds’ offshoot, Scottish Widows, is seen as a particularly safe pair of hands as Chancellor George Osborne prepares to unload more of the Government’s shareholding.
MORE ABOUT