Lloyds Banking Group plc announced that Anthony Watson, Senior Independent Director, will retire from the Board at the 2017 Annual General Meeting on May 11, 2017. In addition Nick Luff, an independent Non-Executive Director and Chairman of the Audit Committee, has notified the Board that due to other commitments he does not feel able to seek re-election at the 2017 AGM and will stand down from the Board at that time. Anita Frew, Deputy Chairman, will succeed Mr. Watson as Senior Independent Director following the AGM. Ms. Frew will combine the role of Senior Independent Director with the role of Deputy Chairman, which she has held since May 2014. Ms. Frew's significant board, financial and investment management experience, including as a Senior Independent Director, make her ideally suited to take on this role. Mr. Luff will be succeeded as Chairman of the Audit Committee by Simon Henry, an independent Non-Executive Director. Mr. Henry, who joined the Board in 2014, has significant financial experience in the UK listed environment, and will be retiring as Chief Financial Officer of Royal Dutch Shell plc in March 2017.