LONDON, March 9 (Reuters) - Barclays pay chief JohnSunderland should step down immediately after the bank failed tohonour a promise made last year that he would go, Britain'sLocal Authority Pension Fund Forum (LAPFF) said.
The LAPFF said that Barclays had made a clear statementahead of its annual meeting in April last year that Sunderlandwas stepping down to be replaced by Crawford Gillies. However,Sunderland is still chair of Barclays' remuneration committee 11months later, it said.
Barclays said last year that Gillies would succeedSunderland "at a date to be agreed consistent with ensuring asmooth transition". (Reporting by Matt Scuffham; editing by Simon Jessop)
Barclays (BARC)
