Longhurst takes place on list of candidates for Lloyds chief's job: Peter Rodgers, Financial Editor, traces the rise of the man from C&G and ponders the future for mutual societies
Mr Pitman retires next year, several years beyond the official departure age. Outsiders have found it hard to identify an obvious internal candidate at the bank he has dominated for 13 years. He stayed partly to get the bank on track again after the failure of its bid for Midland.
There was speculation that one reason for the deal with Cheltenham & Gloucester was to line up Mr Longhurst as a successor, but Mr Pitman insisted that any decisions were well into the future.
'Obviously, Andrew's hat will be in the ring with others,' he said. 'Andrew would be one of a number who would be competitors for the job, but he's not even in the fold yet.' The takeover will not go through for another year.
Mr Longhurst, the 54-year-old who put C&G into a shape worth pounds 1.8bn to Lloyds, was more circumspect, denying that he was being groomed to take over the job.
But with John Bays, the chairman, he is to join the board of Lloyds when the takeover is completed. He said recently: 'If you do one job well people tend to give you another one.'
He is not a typical building society man and hates the cosy way others call it a movement rather than an industry. He is also used to putting noses out of joint among competitors.
Mr Longhurst joined C&G at 28. His father was national sales manager at Colgate-Palmolive, the American toothpaste and soaps group.
From Glyn Grammar School at Epsom, he studied mathematics and statistics at Nottingham University. His three children are all mathematicians.
From a job as a computer programmer for Ferranti, he moved to English Electric and then into computer consultancy in the City, before moving as a data processing manager to C&G where he helped to install its first computer system. He became chief executive in 1982.
- 1 Pope Francis issues top 10 tips for happiness
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 Now diplomacy has failed, boycotting Israel might be the only way we can protect the people of Gaza
- 5 Israel's propaganda machine is finally starting to misfire
Russell Brand accuses Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness
Justin Bieber posts Instagram photo of a crying Orlando Bloom after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
Air Algerie AH5017 crash: Jet fell 30,000 feet in three minutes ‘due to violent storm’
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...