Barclays PLC Directorate Change (9128X)
27 February 2017 - 9:00PM
UK Regulatory
TIDMBARC TIDM96ES
RNS Number : 9128X
Barclays PLC
27 February 2017
27 February 2017
Barclays PLC
Sir Ian Cheshire appointed as a Director and as Chairman
designate of Barclays UK
Barclays PLC and Barclays Bank PLC ("Barclays") announce that
Sir Ian Cheshire has been appointed as a non-executive Director of
Barclays with effect from 3 April 2017. He is also appointed
Chairman designate of Barclays' ring-fenced bank, Barclays UK,
which is in the process of being established. Barclays UK comprises
the UK retail banking, business banking, consumer credit card and
wealth management businesses.
Sir Ian Cheshire has been chairman of Debenhams plc since April
2016. He is currently the Senior Independent Director of Whitbread
plc and chairman of the advisory board of the Cambridge Institute
for Sustainability Leadership. He also holds directorships at
Maisons du Monde SA and Menhaden Capital PLC. Sir Ian's other
appointments include working as the Government Lead Non-Executive,
as well as being trustee of the Prince of Wales's Charitable
Foundation and of Business in the Community. Sir Ian retired as
Group Chief Executive of Kingfisher plc in January 2015 after 7
years in the role and 17 years with the company. His other former
roles include chairman of the British Retail Consortium.
Commenting, John McFarlane said, "I am delighted to welcome Sir
Ian Cheshire to the Barclays Boards. He brings an excellent track
record of success as both a chief executive and chairman and broad
experience as a non-executive director. He will be a strong
addition to the Barclays Boards. Identifying a chairman for
Barclays UK is, of course, an important step on our journey to
establish our UK ring-fenced bank and I welcome the opportunity to
work closely with Sir Ian as we take Barclays forward in its new
structure."
Sir Ian Cheshire commented, "I am very much looking forward to
joining the Barclays Boards and to supporting all our colleagues in
Barclays UK as we establish the UK ring-fenced bank and continue to
innovate and improve our service to our customers"
There are no other details that are required to be disclosed in
respect of Sir Ian Cheshire's appointment under Paragraph 9.6.13 of
the Listing Rules of the UK Listing Authority save as disclosed in
this announcement.
In relation to our non ring-fenced bank, in line with regulatory
requirements, it is the intention to have an independent governance
structure in place for Barclays Bank Plc when the ring-fenced bank
is constituted. In the interim, Sir Gerry Grimstone will chair the
divisional board of Barclays International and will lead the work
to establish the new board of Barclays Bank plc, which will become
the non ring-fenced bank in due course.
-ENDS-
For further information please contact:
Investor Relations Media Relations
Kathryn McLeland Tom Hoskin
+44 (0)20 7116 4943 +44 (0)20 7116 4755
About Barclays
Barclays is a transatlantic consumer, corporate and investment
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
120,000 people. Barclays moves, lends, invests and protects money
for customers and clients worldwide.
For further information about Barclays, please visit our website
home.barclays
LEI Code: 213800LBQA1Y9L22JB70
This information is provided by RNS
The company news service from the London Stock Exchange
END
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