Thomson ReutersMay 14, 2013 21:00
(Reuters) - Win Bischoff is stepping down as chairman of British state-backed Lloyds Banking Group <LLOY.L>, the Financial Times reported on Sunday, citing sources familiar with the plan, set to be announced ahead of Thursday's annual shareholder meeting.
With a strong executive team in place, Bischoff, who has overseen major restructuring and a return to profitability at Lloyds, is said to feel he has accomplished the task of stabilizing Lloyds, having brought in a strong executive team, the FT said.
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