Sir Ian Cheshire to step down as chair of Barclays Bank UK
Barclays PLC (LON:BARC) today announces that Sir Ian Cheshire will be stepping down as a director and the chair of Barclays Bank UK PLC. He will be succeeded by Crawford Gillies with effect from 1 January 2021. Sir Ian will stay on the board of Barclays until the AGM in May 2021 in order to help ensure a smooth transition.
Crawford Gillies will remain on the Barclays board alongside his Barclays UK role.
Upon his appointment to the Barclays UK board, Crawford Gillies will cease to be the Senior Independent Director of Barclays and will be succeeded in that role by Brian Gilvary with effect from 1 January 2021. He will continue to chair Barclays’ Remuneration Committee until 1 March 2021, when he will be succeeded in that role by Brian Gilvary.
At that time, Brian Gilvary will have served as a member of the Remuneration Committee for 12 months as recommended under the UK Corporate Governance Code. Brian Gilvary will also join the Risk and Nominations Committees with effect from 1 January 2021.
Also today, Barclays announced that Julia Wilson has agreed to join the board of Barclays as a Non-executive Director with effect from 1 April 2021. She will also join the Audit Committee. Julia Wilson is currently the Group Finance Director of 3i Group plc, where her responsibilities include finance, investment valuations and treasury. Having joined 3i in 2006, she was appointed to the 3i Board in October 2008, and is also a member of 3i’s Executive and Investment Committees. Julia held a variety of tax and financial roles in the FTSE100 before joining 3i.
Ms Wilson has served as a Non-executive Director of Legal & General Group PLC (“L&G”) since 2011, and as Senior Independent Director since 2016, having previously chaired L&G’s Audit Committee from 2013-2016. She will be retiring from the L&G Board in March next year, before taking up her role on the board of Barclays.