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(Alliance News) - Barclays PLC has appointed the departing finance chief of oil major BP PLC to its board as a non-executive director, the lender said on Wednesday.
The announcement comes just a day after BP said Chief Financial Officer Brian Gilvary will step down from the role after eight years at the end of June. He has been at BP for over three decades.
Gilvary will join the Barclays board as a non-executive director from the start of February.
"As a member of the board, Gilvary will bring to Barclays his extensive experience of management, finance and strategy gained at BP and other public and private boards," said Barclays.
"Gilvary's experience with and understanding of the challenges and opportunities inherent in the energy transition, including the acceleration of key renewable options and developing key capital intensive clean energy technologies, will be invaluable as Barclays considers how it can help to accelerate the transition to a low carbon world."
Gilvary worked in a number of senior commercial and financial roles at BP. He also currently is a non-executive director at French industrial gases firm Air Liquide SA, the Royal Navy, and the Francis Crick Institute, a biomedical research centre in London.
Gilvary also currently is chair of the '100 Group', made up of the FTSE 100's finance directors.
Barclays shares were 0.4% higher on Wednesday morning in London at a price of 175.06 pence each.
By George Collard; georgecollard@alliancenews.com
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