Lloyds Bank Foundation CEO steps down after more than a decade

13 Dec 2023 News

Paul Streets, chief executive of Lloyds Bank Foundation for England and Wales

Paul Streets is stepping down as CEO of Lloyds Bank Foundation for England and Wales (LBFEW) and will leave on 31 May 2024, after 11 years in post. 

LBFEW said that Streets, who is set to retire, worked with the team to prioritise equity, diversity and inclusion. He also led the creation of a volunteering programme.

Streets joined the foundation in 2013 after three years as director of public health and patient experience and engagement at the Department of Health. Before that, he was CEO of Diabetes UK. 

He is currently a non-executive director at an NHS Foundation Trust, an honorary visiting professor at City University and a member of the BBC’s member appeals advisory committee. 

‘One of the most outstanding and dedicated leaders’

Chair of the LBFEW board, Ann Limb, said: “Paul is rightly acknowledged across the charity and grant funding world to be one of its outstanding and most dedicated leaders.

“Staff and charities the foundation has supported have hugely benefitted from his strategic knowledge, policy insights, and wide networks and connections. He will be missed and on behalf of the board and all our partners, I thank him sincerely and wish him well in the next stage of his life.”

The board at LBFEW will shortly begin the search for his successor through an open recruitment campaign led by Saxton Bamfylde. 

Paul Streets: ‘I have loved my role at the foundation’

Commenting on his retirement, Streets said he had “loved” his role at the foundation and it had been a “privilege” to lead. 

“I am proud of the work we have done together to reshape the role of foundations, to set charities free through unrestricted funding and providing support that works for them. And using our own power and influence to help bring people together locally and nationally to influence policy and practice as well as sharing power over how we ourselves make decisions. 

“EDI is vital and I am proud of making tangible progress in my time at the foundation, in particular through our commitment to charities led by communities themselves. There is still so much more to do, but after just over 10 years the time has come for me to bring my own role to a close and find out what life beyond full-time work has to offer. I look forward to continuing to move the foundation’s strategy forward over the next six months in preparation for my successor.”

According to the foundation’s latest filed accounts for December 2022, it had a total income of £16.4m and awarded £19.6m in funding. 

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