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.
FirstGroup plc is the leading transport operator in the UK and North America. With revenues of more than 6.9 billion per annum and approximately 120,000 employees we transport more than 2.5 billion passengers every year.
Country: United Kingdom
Other News & PR