Barclays PLC Directorate Change (4752N)
January 23 2023 - 1:00AM
UK Regulatory
TIDMBARC TIDM33JE TIDMLE70
RNS Number : 4752N
Barclays PLC
23 January 2023
23 January 2023
Barclays PLC
Barclays Board changes
Barclays PLC ("Barclays" or the "Group") announces the following
board and committee changes as part of the Board's longer term
succession planning:
-- Julia Wilson to be appointed Chair of Barclays' Audit
Committee.
-- Sir John Kingman to be appointed as a Non-Executive Director
of Barclays and as Chair of Barclays Bank UK PLC (Barclays
UK).
-- Marc Moses appointed as a Non-Executive Director of Barclays
and Barclays Bank PLC.
-- Mike Ashley and Crawford Gillies to retire as Non-Executive
Directors at the end of their tenure on the Barclays
Board.
Mike Ashley and Crawford Gillies will each have completed nine
years as Non-Executive Directors of Barclays by the time of the
Barclays Annual General Meeting in May 2023. Mike will be retiring
from Barclays at the conclusion of the AGM, and Crawford will be
retiring shortly thereafter on 31 May 2023. Having joined the Board
in 2013 and 2014 respectively, Mike and Crawford have supported
Barclays through a period of significant change, both for the Group
and for the industry, in the post financial crisis period and the
Board would like to thank them for the significant contribution
they have made to Barclays during their tenure.
Julia Wilson will succeed Mike as Chair of the Audit Committees
of Barclays and Barclays Bank PLC with effect from 1 April 2023,
subject to regulatory approval. Julia joined the Audit Committee of
Barclays on her appointment to the Board in April 2021. Her time as
a member of the Committee, together with her experience as former
Group Finance Director at 3i Group plc and Chair of the Audit
Committee of Legal & General Group plc (L&G) ideally place
her to take up this important role. Julia will also join the Board
of Barclays Bank PLC with effect from 1 April 2023.
Sir John Kingman has agreed to join the board of Barclays as a
Non-Executive Director with effect from 1 June 2023. He will
succeed Crawford Gillies as Chair of Barclays UK, the Group's
ring-fenced bank, upon taking up his appointment, subject to
regulatory approval. Sir John has a deep background in financial
services, gained from his executive and non-executive career, and
will bring the skills and experience required to make a material
contribution to the Barclays Board, and to the Board of Barclays
UK. His experience spans the public and private sector with his
former roles including senior positions at HM Treasury, as the
first Chief Executive of UK Financial Investments Ltd (UKFI), and
as Global Co-Head of the Financial Institutions Group at
Rothschild. Sir John is currently Chair of L&G. He stepped down
as Chair of Tesco Bank on 22 January 2023.
In order to further reinforce the recent and relevant financial
expertise on the Board, Marc Moses has agreed to join the Boards of
Barclays and Barclays Bank PLC as a Non-Executive Director with
effect from 23 January 2023. Marc will join the Audit and Risk
Committees of Barclays and Barclays Bank PLC as an additional
member on taking up his appointment. Marc brings a strong technical
finance background with a deep knowledge of banking and financial
services. His financial services experience extends to over 43
years in the industry, initially as a trader and then in senior
executive roles as an Audit Partner at PwC, and Chief Financial
Officer of JPMorgan Europe. He joined HSBC in 2005, and prior to
retiring in 2019, was the Group Chief Risk officer and an Executive
Director of HSBC Holdings plc.
There is no additional information required to be disclosed in
relation to Sir John Kingman or Marc Moses 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 Jonathan Tracey
+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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