Barclays PLC Barclays Board Changes (0885J)
18 Diciembre 2020 - 1:00AM
UK Regulatory
TIDMBARC
RNS Number : 0885J
Barclays PLC
18 December 2020
18 December 2020
Barclays PLC
Barclays Board Changes
In line with Barclays Group's plans for orderly succession and
ensuring that board composition addresses the ongoing needs of the
Group, Barclays PLC ("Barclays" or the "Group") announces that Sir
Ian Cheshire will be stepping down as a director and the chair of
Barclays Bank UK PLC ("Barclays UK") and will be succeeded by
Crawford Gillies with effect from 1 January 2021. Sir Ian will stay
on the board of Barclays until the AGM in May 2021 in order to help
ensure a smooth transition.
Sir Ian helped establish Barclays UK as a ring-fenced bank and
has successfully set up its board and governance structure. Over
the next few years, Barclays UK will need a concerted focus on its
plans to position the bank to support customers against a backdrop
of an economy recovering from the effects of the COVID-19 pandemic
and a continuing low interest rate environment. With regret, Sir
Ian has informed the Group that he is unable to accommodate the
increased time commitment and duration required to see through this
programme.
Accordingly, Sir Ian will be stepping down and handing over the
chair of Barclays UK to Crawford Gillies, who will join the
Barclays UK board with effect from 1 January 2021. Crawford's track
record and deep knowledge of the Group, including Barclays UK,
position him well for the role. Crawford will remain on the
Barclays board alongside his Barclays UK role.
Upon his appointment to the Barclays UK board, Crawford will
cease to be the Senior Independent Director of Barclays and will be
succeeded in that role by Brian Gilvary with effect from 1 January
2021. Crawford will continue to chair Barclays' Remuneration
Committee until 1 March 2021, when he will be succeeded in that
role by Brian Gilvary. At that time, Brian will have served as a
member of the Remuneration Committee for 12 months as recommended
under the UK Corporate Governance Code. Brian will also join the
Risk and Nominations Committees with effect from 1 January
2021.
We are very pleased to announce that Julia Wilson has agreed to
join the board of Barclays as a Non-executive Director with effect
from 1 April 2021. She will also join the Audit Committee. Julia is
currently the Group Finance Director of 3i Group plc ("3i"), where
her responsibilities include finance, investment valuations and
treasury. Having joined 3i in 2006, Julia was appointed to the 3i
Board in October 2008, and is also a member of 3i's Executive and
Investment Committees. Julia held a variety of tax and financial
roles in the FTSE100 before joining 3i.
Julia has served as a Non-executive Director of Legal &
General Group PLC ("L&G") since 2011, and as Senior Independent
Director since 2016, having previously chaired L&G's Audit
Committee from 2013-2016. She will be retiring from the L&G
Board in March next year, before taking up her role on the board of
Barclays.
Julia's appointment reflects Barclays' commitment to
strengthening its board through the addition of further highly
respected individuals with strong financial services expertise. She
will bring significant corporate finance, tax and accounting
experience to the board.
The board of Barclays is enormously grateful to Sir Ian for the
tremendous work that he has done on behalf of the Group and
Barclays UK in particular. The board is also delighted to welcome
Julia Wilson.
The chair appointments are subject to regulatory approval. There
is no additional information required to be disclosed in relation
to Julia Wilson pursuant to paragraph LR9.6.13R of the Listing
Rules of the Financial Conduct Authority.
- ENDS -
For further information, please contact:
Investor Relations Media Relations
Chris Manners Tom Hoskin
+44 (0)20 7773 2136 +44 (0)20 7116 4755
About Barclays
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. For further information about
Barclays, please visit our website home.barclays .
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