Directorate Change
27 Fevereiro 2003 - 12:11PM
UK Regulatory
RNS Number:0825I
Barclays PLC
27 February 2003
February 27, 2003
BARCLAYS ANNOUNCES BOARD CHANGES
Barclays PLC and Barclays Bank PLC today announce a number of changes to their
Boards of Directors.
Professor Sandra Dawson (56) has today been appointed to the Boards of Barclays
PLC and Barclays Bank PLC as a non-executive director, with effect from March 1,
2003. Professor Dawson is currently KPMG Professor of Management Studies at the
University of Cambridge, Director of the Judge Institute business school and
Master of Sidney Sussex College, Cambridge. Professor Dawson has held a range of
non-executive posts in organisations including Rand Europe (UK), the Society for
the Advancement of Management Studies, Fleming Claverhouse Investment Trust and
Riverside Mental Health Trust. She was also a member of the Senior Salaries
Review Body.
Sir Nigel Mobbs, a non-executive director since 1979, will retire from both
Boards at the Barclays PLC Annual General Meeting (AGM) on April 24, 2003 .
He has served as Chairman of the Board Audit Committee and as a member of the
Board Remuneration Committee and the Board Nominations Committee. Sir Nigel
will also cease to be a director of Woolwich plc at the same date.
Given his impending retirement, John Stewart, Deputy Chief Executive, has today
stepped down from both Boards. Mr Stewart has also ceased to be a director of
Woolwich plc. Lynne Peacock, Chief Executive of Woolwich plc, will leave the
Board of Woolwich plc with effect from March 31, 2003. She will be replaced as
Chief Executive of Woolwich plc by David Roberts, a current director of the
Woolwich, who is also Chief Executive of Barclays Personal Financial Services.
Graham Wallace, a non-executive director since April 2001, has indicated his
intention to retire from the Boards of Barclays PLC and Barclays Bank PLC in the
summer.
Sir Peter Middleton, Barclays PLC Chairman, said: "Sir Nigel has provided
extraordinary counsel and support to the Board over his long years of service to
Barclays. The significant contribution he has made over the years as a member of
the Board and as Chairman of our Board Audit Committee has been invaluable''.
Sir Peter continued: "The Board is also very grateful to John Stewart for his
contribution, in particular the key role he played in the integration of the
Woolwich business into Barclays. We would also like to extend our thanks to
Lynne Peacock for her work as Chief Executive of the Woolwich.
"On behalf of the Board, I would also like to extend our warmest thanks to
Graham Wallace for the contribution he has made over the past two years as a
Director and member of our Board Remuneration and Nominations Committees.
"Finally, I am delighted to welcome Professor Dawson to the Board. She brings a
wealth of academic and management experience to Barclays, which will be of
immense value to the Group."
In addition to the changes announced above:
* Stephen Russell, who joined both Boards on the acquisition of Woolwich
plc in October 2000, has been appointed to replace Sir Nigel Mobbs as Chairman
of the Board Audit Committee. He is also a member of the Board Risk Committee.
He has also been reappointed as a Director of Woolwich plc with immediate
effect.
* Dr Jurgen Zech, who joined the Board in July 2002, has joined the
Board Audit Committee.
* Hilary Cropper has moved from the Board Audit Committee to the Board
Risk Committee.
- Ends -
For further information, please contact:
Chris Tucker, Barclays Public Relations, Barclays PLC, Tel: 020 7699 3161
This information is provided by RNS
The company news service from the London Stock Exchange
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