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Matthew Lester to step down as Barclays’ non-exec director

Maria Nikolova

Matthew Lester’s decision to step down from Barclays follows his appointment as Chairman of Kier Group plc effective January 1, 2020.

Barclays PLC (LON:BARC) and Barclays Bank PLC (Barclays) today confirm that Matthew Lester is set to leave the company.

Mr Lester has informed the company of his intention to step down from his role as a Non-executive Director of Barclays PLC and Barclays Bank PLC, and as a member of its Risk and Audit Committees, with effect from January 1, 2020. His decision to step down from Barclays follows his appointment as Chairman of Kier Group plc effective January 1, 2020.

The Board extended their gratitude to Matthew Lester for his contribution to Barclays during his tenure.

Matthew Lester

Matthew Lester contributed to the Board strong financial management and regulatory experience, having held a number of senior finance roles across a range of business sectors, including financial services. Prior to joining Barclays, he was chief financial officer of Royal Mail Group.

Speaking of changes regarding non-executive directors at Barclays, let’s recall that, in September this year, the bank announced the appointment of Dawn Fitzpatrick and Mohamed A. El-Erian as non-executive Directors. Ms Fitzpatrick’s appointment is effective September 25, 2019, Dr. El-Erian will join the Board on January 1, 2020.

Back in September, Barclays unveiled changes to Board Committees and subsidiary Boards. In order to create a simpler, more efficient governance structure the Board of Barclays Bank (BB) PLC has been reconstituted with its membership drawn exclusively from the Barclays PLC Board.

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