|
 The bank said in a statement Monday that Blackwell, who has been a
non-executive director, will succeed Bischoff as chairman beginning
in April.
He is currently chairman of Lloyd's Scottish Widows Group and has
experience in insurance, banking and public policy.
Blackwell was also partner in the management consultancy McKinsey &
Company.
The part-nationalized lender has said its recovery was ahead of
schedule and is profitable — a fact that has enabled the government
to begin the process of selling its stake back to private investors. [Associated
Press]
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