Theresa Froehlich, the interim director of performance management, has left her position at Lloyds after informing the company she would like to resign earlier in the month. Jon Hancock is expected to take over the position on a permanent basis at the end of the year with Froehlich remaining to cover the handover period. It was previously reported that Hancock was the favourite to secure the position on a permanent bases which was kept a close guarded secret until recently. Froehlich was one of three final contenders to take on the role on a permanent basis. She will have been in the position for over six month by the time Hancock takes over at the end of the year.