Barclays CEO of Antony Jenkins to leave
08/07/2015 12:13

Barclays PLC and Barclays Bank PLC announced the departure of Antony Jenkins as Chief Executive and the appointment of John McFarlane as Executive Chairman pending the appointment of a new Chief Executive.

Subject to regulatory approval the change will come fully into effect on 17 July 2015 when John retires from FirstGroup. A search for Mr Jenkins’ successor is underway. The interim results will be announced as planned on 29 July 2015.

The Non-Executive Directors led by Sir Michael Rake, Deputy Chairman and Senior Independent Director, concluded that new leadership is required to accelerate the pace of execution going forward and that John McFarlane is ideally qualified in this respect until a permanent successor is appointed. However, Barclays said that the development does not signal any major change in strategy.