Firstgroup PLC ADROTCPK - Current
Sep. 12, 2014, 5:56 AM
- Barclays (NYSE:BCS) has named John McFarlane, current chairman of insurer Aviva (NYSE:AV) and transport firm FirstGroup (OTCPK:FGROY), as the bank's new chairman.
- McFarlane will replace Sir David Walker, who will retire next year, after Barclays' 2015 annual shareholder meeting usually held in April.
- The bank has been looking for a strong replacement for Walker, who with CEO Antony Jenkins has aimed to improve the bank's culture after a series of scandals in recent years.