16th Jul 2015 09:05
LONDON (Alliance News) - Barclays PLC on Thursday said Michael Rake will remain on its board as deputy chairman and senior independent director until a new chief executive is appointed, after which he is expected to leave to take up the chairmanship of payments company Worldpay.
The FTSE 100-listed bank said Rake will remain his in role until John McFarlane has reverted to his role as non-executive chairman and a replacement senior independent director is in place.
The bank added that "any conflict of interest which may arise in respect of his chairmanship of Worldpay will be managed in the normal manner."
Shares in Barclays were up 1% to 280.95 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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