Barclays (BARC.L) have announced the appointment of new Chairman John Mcfarlane who will replace David Walker who is stepping down after the banks AGM in 2015.

John Mcfarlane is currently the Chairman of Aviva and Firstgroup and will start the Barclays role in January 2015. Stepping down from his other roles in mid 2015.

David Walker Commenting said  “I am delighted that Barclays has appointed John McFarlane to succeed me as Chairman. We are making good progress toward the delivery of our strategic objectives and I have every confidence that John will work very successfully with Antony Jenkins in leading this great bank through the next phase of that journey.”

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