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Lloyds bank boss admits 'I overdid it'

By Catherine Wylie

Published 16/12/2011

The boss of Lloyds Banking Group has admitted he "overdid it" trying to turn around the bank before sleep problems eventually forced him into a temporary leave of absence.

Antonio Horta-Osorio said a specialist had told him his "battery was in effect so run down it was virtually on zero".

He went to the Priory clinic for a week to rest, he told a daily newspaper. The firm announced Mr Horta-Osorio would be returning to his job on January 9.

Recalling the time prior to being signed off work in late October, Mr Horta-Osorio said: "When I became chief executive in March I had a very clear idea of what had to be done. I threw myself into the job.

"There were very many issues to be tackled. I focused too much on too many details."

Mr Horta-Osorio said he was not going to work any less, just differently, by detaching himself from Lloyds' day-to-day running to focus on strategy.

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