Sir Victor’s off to the bank

Serial chairman Sir Victor Blank – his current top job portfolio is Trinity Mirror newspapers and GUS, the retailer group – is on his way to the next one.

The ink on the contract is yet to dry but Sir Victor is set to become chairman of Lloyds TSB, the bank but he will be giving up Trinity Mirror and may also have to let go GUS because corporate governance guidelines forbid anyone becoming chairman of two FTSE 100 companies at the same time.

Sir Victor’s departure will probably put the ‘For Sale’ at the Daily Mirror and could also signal that Lloyds TSB is to get a makeover in readiness for a sale, with Bank of America already in the frame as a possible bidder.

 

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