Directorate Change

RNS Number : 9571R

Barclays PLC

06 March 2019

 

6 March 2019

Barclays PLC

Barclays Non-executive Director retirements

Barclays PLC confirms that three directors, Reuben Jeffery III, Dambisa Moyo and Mike Turner, will step down from the Board and not seek re-election at the upcoming AGM on 2 May.

As announced previously, both Reuben and Dambisa will have completed nine-years' service, and under the UK Corporate Governance Code would not be regarded as independent beyond this year.  As such, they will each be stepping down from the Board at the forthcoming AGM and will not be seeking re-election.  The successful implementation of ring-fencing and imminent arrival of a new Chairman present an opportunity to review the size of the board, and Mike Turner will therefore also be stepping down at the upcoming AGM. 
 

John McFarlane, Chairman, said: 

"On behalf of the Board, I wish to express my gratitude to Reuben, Dambisa and Mike for their service and dedication to Barclays.  It isn't always an easy decision to be on a major bank board, particularly over a difficult period for the sector, and I am grateful to all of them for undertaking this with such commitment."

As previously announced, John McFarlane will be stepping down after the AGM and will be succeeded as Chairman by Nigel Higgins, who joined the Board as a director on 1 March 2019.

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For further information, please contact:

Investor Relations	Media Relations
Lisa Bartrip	Tom Hoskin
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About Barclays

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com

 

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