Credit Suisse Group Proposes Outgoing Lloyds Banking CEO as its Next Chairman

Posted on 12/01/2020

Credit Suisse Group AG is proposing outgoing Lloyds Banking Group Chief Executive Officer António Horta-Osório (António Mota de Sousa Horta-Osório) as its next chairman. This move would bring the end of a 10-year long run with exiting Chairman Urs Rohner. Swiss lawyer Urs Rohner served as the CEO of ProSiebenSat.1 Media from 2000 to 2004.

“António Horta-Osório shall succeed Urs Rohner who will step down in 2021 as previously announced upon reaching the statutory term of 12 years,” Credit Suisse said in a statement, referring to Rohner’s 12-year time, first as vice-chairmen and since 2011 as chairman, on the board.

António Horta-Osório was born in Lisbon and helped turn around Lloyds Banking Group, when he took the CEO role back in March 2011.

Get News, People, and Transactions, Delivered to Your Inbox