LONDON (Alliance News) - Barclays PLC said Thursday that John McFarlane will retire as chairman in May and that Nigel Higgins has been appointed to succeed him, subject to regulatory approval.
The company said McFarlane will step down as a non-executive director and as chairman of Barclays with effect from the conclusion of the Barclays annual general meeting on May 2, 2019, at which point Higgins will become chairman, having joined the board as a non-executive director March 1.
Higgins is currently deputy chairman of Rothschild & Co, having been managing partner and co-chairman of its executive committee until September 1 this year.
Barclays said Higgins has extensive experience in banking and financial services, gained through a 36-year career at Rothschild, and which included being the first non-family member to lead the group.
Barclays (BARC)
