Press release
BARCLAYS PLC SENIOR MANAGEMENT CHANGES
Roger Davis has decided to leave Barclays and will resign as a Director of Barclays PLC and Barclays Bank PLC and from the position of Chief Executive, UK Banking, at the conclusion of the Board Meeting that takes place on 8th December 2005. He will remain available to the Group until October 2006 and will ensure a smooth transfer of responsibilities. Roger has held various roles across the Group since 1997 including Chairman and Chief Executive of Barclays Capital Asia Pacific, Chief Executive of the Business Bank, and latterly the UK Banking leadership role. He has contributed significantly to the success of the business and leaves the UK operations of the bank in a stronger position as described in the recent trading update. UK Banking has performed well in 2005 and is on track to meet its productivity targets. The Board wishes him well in his next career move. In accordance with the Group's remuneration policy, the terms of his departure will be in line with contractual arrangements. (See Note to Editors.)Commenting Roger Davis says:
"I have enjoyed myself enormously at Barclays over the past eight years in several leadership roles. I leave a significantly enhanced organisation and most specifically believe that the leadership team has laid strong foundations for the transformation of UK Banking into a great customer driven organisation. On a personal basis I feel it is now time to look for the next challenge. I want to particularly thank the staff of the UK Bank for their commitment and drive towards building the best bank in the UK. This momentum for change, now
established, will continue going forward and I have every confidence in the employees and management team alike."
Commenting John Varley, Chief Executive, Barclays PLC, says:
"Roger Davis has made a great contribution to the Group throughout his career with Barclays most recently in his role as Chief Executive of UK Banking. I thank him sincerely. I will miss his energy, enthusiasm and leadership skills.
Roger is committed to ensuring a seamless succession to the new team that he helped put in place.
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