After nearly 3 years at the helm of Barclays, Antony Jenins is no longer the Bank’s Chief Executive.
His departure has been described as a move that will boost operational efficiency and shareholder returns.
The Bank says Jenkins will receive a year’s salary of $ 1.7 million dollars, and he will remain eligible for a pro-rata performance bonus for the current year.
The decision to axe the CEO follows a period of lacklustre results and uncertainty about the bank’s future structure.
Barclays Board chairman, John McFarlane
The Board chairman, John McFarlane will act as executive chairman until Jenkins’ successor has been recruited and appointed.
