Directorate Change

RNS Number : 7424V

Barclays PLC

16 July 2009

 



                                    16 July 2009

BARCLAYS PLC

BOARD CHANGES

Barclays PLC and Barclays Bank PLC are pleased to announce the following changes to the Boards of Directors:

Reuben Jeffery III will join the Boards of Barclays PLC and Barclays Bank PLC, as a non-executive Director, with immediate effect.  Reuben Jeffery is a Senior Adviser at the Center for Strategic & International Studies in Washington, D.C. and previously served in the US government as Under Secretary of State for Economic, Energy and Agricultural Affairs.  Prior to joining the Department of State, Mr Jeffery was the Chairman of the Commodity Futures Trading Commission and before that held a number of positions in US government service.  Mr Jeffery spent eighteen years at Goldman, Sachs & Co., where he was managing partner of Goldman Sachs in Paris (1997-2001) and of the firm's European Financial Institutions Group in London (1992-1997).

Sir Richard Broadbent, Senior Independent Director and Chairman of the Board HR & Remuneration Committee and Board Risk Committee, will become Deputy Chairman with immediate effect. Sir Richard, who has been a non-executive Director since 2003 and Senior Independent Director since 2004, succeeds Sir Nigel Rudd, who retired as Deputy Chairman in April 2009.

Marcus Agius, Barclays Chairman, said today, 'I am delighted to announce both of these appointments today.  Barclays will benefit from Reuben Jeffery's extensive experience in investment banking, regulation and government service in the US and Europe.  Sir Richard Broadbent has served the Barclays Board with distinction for the past six years and in his capacity as Deputy Chairman he will be able to add to the significant contribution he makes as Senior Independent Director and Chairman of the Board HR and Remuneration Committee and the Board Risk Committee.'

There are no further details that are required to be disclosed in respect of Mr Jeffery's appointment under LR 9.6.13R of the Listing Rules of the UK Listing Authority.

-ENDS-

  For further information please contact:

Investor Relations	Media Relations
Stephen Jones	Alistair Smith
[phone]	[phone]

Note to Editors:

As Deputy Chairman, Sir Richard Broadbent will be paid a flat fee of £200,000 for all his Board duties.

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 156,000 people. Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.

 

END

 

 

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