22 April 2013
Barclays PLC
Michael Ashley and Frits van Paasschen appointed as non-executive Directors
Barclays PLC and Barclays Bank PLC ("Barclays") announce that Frits van Paasschen and Michael Ashley have been appointed as non-executive Directors of Barclays with effect from 1 August 2013 and 1 September 2013 respectively.
Frits van Paasschen is President and CEO of Starwood Hotels and Resorts Worldwide, Inc., one of the world's largest hotel companies. Since taking on this role, he has led a significant expansion of the business into new markets and launched two new hotel brands.
Frits is an experienced CEO having also served as President and CEO of Coors Brewing Company between 2005 and 2007, during which time he presided over a major turnaround leading to an increased market share for the business. Prior to 2005 Frits held various senior positions with Nike Inc and Disney Consumer Products. Frits formerly served as a Director on the Boards of Jones Apparel Group Inc. and Oakley, Inc.
Michael Ashley is Head of Quality and Risk Management for KPMG Europe LLP ('ELLP'), which forms part of the KPMG global network, where his responsibilities include the management of professional risks and also quality control. Michael is a member of the ELLP Board and is also KPMG UK's designated Ethics and Independence Partner.
Michael is a highly experienced auditor and financial expert, with over 20 years experience as an audit partner, during which he was lead audit partner for several large financial services groups. He is a member of the Institute of Chartered Accountants in England and Wales' Ethics Standards Committee, a member of HM Treasury's Audit Committee and Vice Chair of the European Financial Reporting Advisory Group's Technical Expert Group.
Commenting, Sir David Walker, Group Chairman, said, "I am pleased to announce Frits and Michael's appointments to the Barclays' Board. Both have significant experience dealing with the challenges of leading complex global businesses, which will support the Board in its oversight of the delivery of Transform. In addition, Frits brings a valuable marketing and retail background as well as experience driving a turn-around strategy. Michael brings strong financial skills and an extensive knowledge of banking. Michael's background in ethics will also be valuable as Barclays continues to embed its recently launched Purpose and Values."
There is no additional information required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.
-ENDS-
For further information please contact:
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Investor Relations
Charlie Rozes
+44 (0) 20 7116 5752
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Media Relations
Giles Croot
+44 (0) 20 7116 6132
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About Barclays PLC
Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com