Directorate Change

RNS Number : 6957Z

Barclays PLC

23 July 2008

 

BARCLAYS PLC

BOARD CHANGE

23 July 2008

Barclays PLC and Barclays Bank PLC ('Barclays') today announce the following change to their Boards.

Gary Hoffman, Vice Chairman, Barclays has been appointed as Chief Executive Officer by the Board of Northern Rock plc.  He will commence his new role on 1 October 2008 and will leave the Barclays Boards on 31 August 2008.

Gary Hoffman has been with Barclays since 1982 and has held a number of senior roles during this time including Chief Executive, Barclaycard and Chairman of UK Banking and Chairman of Barclaycard.  He has been a member of the Barclays Boards for the last 4 years. 

John Varley, Group Chief Executive, Barclays says, 'This is a unique opportunity for Gary to lead a household name in financial services at a difficult time in its history. I congratulate him and know that his experience will bring much to the deserving customers and employees of Northern Rock.  He will serve them well.  

'Although Gary is leaving us to do a job that is important to the UK banking sector, we release him reluctantly.  Gary has been with Barclays for 26 years and has contributed much during this time. I have greatly enjoyed working with him over these years and will miss him both professionally and personally.'

Gary Hoffman says, 'This was a very tough decision for me. My affection for Barclays is deep and built over many years. Yet the opportunity to help lead Northern Rock back to strength is both compelling and exciting. I will be sad to leave Barclays but look forward very much to joining Northern Rock in October.'

ENQUIRIES

ANALYSTS AND INVESTORS

Mark Merson                                [phone]

John McIvor                                  [phone]

MEDIA

Alistair Smith                                 [phone]

Robin Tozer                                  [phone]

About Barclays

Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the United States, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 143,000 people. Barclays moves, lends, invests and protects money for over 38 million customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.

 

END

 

 

BOARJMMTMMBTBAP