7th Dec 2005 07:01
Barclays PLC07 December 2005 BARCLAYS PLC SENIOR MANAGEMENT CHANGES Barclays PLC and Barclays Bank PLC announce the following:- Roger Davis has decided to leave Barclays and will resign as a Director ofBarclays PLC and Barclays Bank PLC and from the position of Chief Executive, UKBanking, at the conclusion of the Board Meeting that takes place on 8th December2005. He will remain available to the Group until October 2006 and will ensure asmooth transfer of responsibilities. Roger has held various roles across theGroup since 1997 including Chairman and Chief Executive of Barclays Capital AsiaPacific, Chief Executive of the Business Bank, and latterly the UK Bankingleadership role. He has contributed significantly to the success of the businessand leaves the UK operations of the bank in a stronger position as described inthe recent trading update. UK Banking has performed well in 2005 and is on trackto meet its productivity targets. The Board wishes him well in his next careermove. In accordance with the Group's remuneration policy, the terms of hisdeparture will be in line with contractual arrangements. (See Note to Editors.) Commenting Roger Davis says: "I have enjoyed myself enormously at Barclays over the past eight years inseveral leadership roles. I leave a significantly enhanced organisation and mostspecifically believe that the leadership team has laid strong foundations forthe transformation of UK Banking into a great customer driven organisation. Ona personal basis I feel it is now time to look for the next challenge. I want toparticularly thank the staff of the UK Bank for their commitment and drivetowards building the best bank in the UK. This momentum for change, nowestablished, will continue going forward and I have every confidence in theemployees and management team alike." Commenting John Varley, Chief Executive, Barclays PLC, says: "Roger Davis has made a great contribution to the Group throughout his careerwith Barclays most recently in his role as Chief Executive of UK Banking. Ithank him sincerely. I will miss his energy, enthusiasm and leadership skills.Roger is committed to ensuring a seamless succession to the new team that hehelped put in place. I have announced today several senior appointments that will build on thefoundations laid by Roger and which reflect our ability to attract highlyskilled global talent into Barclays. UK Banking (both Business Banking and UKRetail) have made good progress in 2004 and 2005. Our strategy is good and wewill continue to invest and grow." Barclays announces the following management changes:- Gary Hoffman, currently Chief Executive of Barclaycard and a Director ofBarclays PLC and Barclays Bank PLC, is appointed Chairman of UK Banking andChairman of Barclaycard effective immediately. In his new role Gary will havestewardship of two businesses, UK Banking (which comprises UK Retail Banking andUK Business Banking) and Barclaycard. Gary assumes leadership of Roger Davis'management team. Gary has been with Barclays for 23 years and has broad basedretail banking experience. He joined the Board in January 2004. There are three Chief Executive appointments, one in Barclaycard and two in UKBanking. These will report to Gary Hoffman. Antony Jenkins is appointed Chief Executive of Barclaycard. Antony joins fromCitigroup Inc where he most recently held the position of General Manager andExecutive Vice President for Citi Brands. In this position he had fullresponsibility for most of Citi Cards business including Platinum, UniversalCorp, AA Advantage, the AMEX relationship and Small Business. Antony also heldthe position of Executive Vice President, Consumer Value and Growth, which wasthe largest business unit within Citi Cards with receivables of $70 billion and30 million customers. Antony will return to the UK where he began his careerafter graduating from Oxford University. Deanna Oppenheimer is appointed Chief Executive of UK Retail Banking. Deannajoined Barclays from Washington Mutual in September 2005, where she held seniorleadership roles, most recently as President of its Retail Banking and FinancialServices group, during its spectacular growth into one of the US's leadingretail banks. Peter Harvey is appointed Chief Executive of UK Business Banking. Peter hastransformed the UK Business Banking division over recent years and he joinedBarclays in October 1974. ENDS NOTE TO EDITORS Roger leaves Barclays' employment from 1st April 2006. Under his contract he isentitled to up to 12 months' salary and a bonus of 100% for the 12 months. IfRoger takes employment elsewhere in this period this would be reduced pro rata.Roger's base salary is £500,000 per annum. Further information:- MEDIA Stephen Whitehead Chris TuckerBarclays Corporate Affairs Director Public Relations DirectorTelephone: 020 7116 6060 Telephone: 020 7116 6223Mobile: 07880 783532 Mobile: 07775 547301 INVESTORS Investor Relations: James S Johnson / Karen Menzel+44 (0)20 7116 2927 / 7116 2929 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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