LONDON - Barclays PLC (NYSE:BCS) has announced board and committee changes as part of its long-term succession planning, which includes the retirement of Diane Schueneman as a non-executive director. Effective January 31, 2025, Schueneman has stepped down from her roles on the Barclays (LON:BARC) boards, including as Chair of the Barclays Execution Services Limited (BX) board, and as a member of Barclays' Audit and Nominations Committees. However, she will maintain her position as a non-executive director on the board of Barclays US LLC and as a member of its board risk committee.
Following Schueneman's retirement, Brian Shea will take over as Chair of the BX board starting February 1, 2025. Shea's appointment leverages his extensive experience in financial services, particularly in operations, technology, and US regulation. His career spans more than four decades in the industry, both in executive and non-executive roles. Shea joined the boards of Barclays and BX in July 2024.
The Board expressed gratitude for Schueneman's significant contributions to Barclays and noted her continued involvement with the Barclays Group's subsidiary boards. In addition to these changes, Nigel Higgins, Group Chairman, has been appointed as a member of the Barclays' Board Remuneration Committees, effective January 31, 2025. Higgins had been regularly attending meetings of these Committees throughout 2024.
BX, the Group-wide service company, is responsible for providing technology, operations, and functional services to businesses across the Barclays Group.
These board changes are part of Barclays' strategy to ensure strong leadership and governance continuity. The information for this article is based on a press release statement from Barclays PLC .
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