SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
12 January 2004
LLOYDS TSB GROUP plc
(Translation of registrant's name into English)
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F..X..Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes .....No ..X..
If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
Index to Exhibits
Item
No. 1 Regulatory News Service Announcement, dated 12 January 2004
re: Board Change
11/05 12 January 2005
BOARD CHANGE AT LLOYDS TSB GROUP
Lloyds TSB Group announces that Peter Ayliffe, Group Executive Director UK
Retail Banking, will be leaving the company at the end of March 2005. He
joined the Group in 1985, has had a successful career in the retail sector,
and has been instrumental in completing the first phase of the organic growth
strategy for our retail banking business.
The Group has commenced a search for a replacement to lead the next phase
of the development of the retail bank, and pending an appointment, the
role of Group Executive Director UK Retail Banking will be undertaken by
Mike Fairey, Deputy Group Chief Executive, in addition to his existing duties.
Peter Ayliffe will step down from the board at the end of January 2005 but
will remain with the company until the end of March 2005 to help with the
transitional arrangements.
Group Chief Executive, Eric Daniels, said: "I am very grateful to Peter for
the contribution he has made in his time with Lloyds TSB and wish him well in
his future career. As I indicated in our recent trading statement: the Group
expects to report earnings broadly in line with market expectations for 2004,
and to make further earnings progress in 2005 and beyond."
Note to Editors: Peter Ayliffe joined Lloyds TSB in April 1985 and was
appointed Group Executive Director UK Retail Banking in June 2003.
He will be compensated in line with his contractual entitlement.
-ends-
For further information:-
Investor Relations
Michael Oliver +44 (0) 20 7356 2167
Director of Investor Relations
E-mail: michael.oliver@ltsb-finance.co.uk
Ian Gordon +44 (0) 20 7356 1264
Senior Manager, Investor Relations
E-mail: ian.gordon@ltsb-finance.co.uk
Media
Terrence Collis +44 (0) 20 7626 1500
Director of Group Corporate Communications
E-mail: terrence.collis@lloydstsb.co.uk
Mary Walsh +44 (0) 20 7626 1500
Head of Media Relations
E-mail: mary.walsh@lloydstsb.co.uk
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds TSB Group and its current goals and
expectations relating to its future financial condition and performance.
Statements that are not historical facts, including statements about
Lloyds TSB Group's or management's beliefs and expectations, are forward
looking statements. By their nature, forward looking statements involve
risk and uncertainty because they relate to events and depend on circumstances
that will occur in the future. Lloyds TSB Group's actual future results may
differ materially from the results expressed or implied in these forward
looking statements as a result of a variety of factors, including UK
domestic and global economic and business conditions, risks concerning
borrower credit quality, market related risks such as interest rate risk and
exchange rate risk in its banking businesses and equity risk in its
insurance businesses, inherent risks regarding changing demographic
developments, catastrophic weather and similar contingencies outside Lloyds
TSB Group's control, any adverse experience in inherent operational
risks, any unexpected developments in regulation or regulatory actions,
changes in customer preferences, competition, industry consolidation,
acquisitions and other factors. For more information on these and other
factors, please refer to Lloyds TSB Group's Annual Report on Form 20-F filed
with the US Securities and Exchange Commission and to any subsequent reports
furnished by Lloyds TSB Group to the US Securities and Exchange Commission or
to the London Stock Exchange. The forward looking statements contained in
this announcement are made as of the date hereof, and Lloyds TSB Group
undertakes no obligation to update any of its forward looking
statements.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LLOYDS TSB GROUP plc
(Registrant)
By: M D Oliver
Name: M D Oliver
Title: Director of Investor Relations
Date: 12 January 2004