Breaking News: Barclays Sees Boardroom Overhaul, CEO Steps Down, "New Set Of Skills Required For The Period Ahead"

Barclays announced today the departure of its CEO, Antony Jenkins, saying its board had decided the bank needed a change of leadership. The bank is now in the search of a new chief executive to fill Mr Jenkins’ role. In the meantime, John McFarlane, Barclays’ chairman, will act as the Executive Chairman.

According to the press release by Barclays, the Non-Executive Directors led by Sir Michael Rake, Deputy Chairman and Senior Independent Director concluded that new leadership is required to accelerate the pace of execution going forward and that John McFarlane is ideally qualified in this respect until a perman ...

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