People Moves
Barclays Names New Pay Chief Following Bonus Backlash

Barclays Bank has appointed city heavyweight Crawford Gillies the remuneration committee, to replace the current under-fire chair Sir John Sunderland.
Barclays has
appointed city heavyweight Crawford Gillies to the remuneration
committee, to replace the current under-fire chair Sir John
Sunderland.
Barclays said in a statement that Gillies will become a
non-executive director and a member of the board remuneration
committee with effect from 1 May, and it is intended he will
succeed Sunderland at a “date to be agreed”.
The move is seen as a response to the criticism Barclays has
received for increasing bonuses despite a dramatic fall in
profits and comes ahead of the bank's annual general meeting on
25 April.
Sunderland has faced intense pressure from shareholders and
business groups for rubber-stamping an increase in bonus payments
by 10 per cent to £2.4 billion ($3.9 billion) following a fall in
underlying profit of 32 per cent to £5.2 billion, which the bank
attributed to restructuring and development plans.
At the time, chief executive Anthony Jenkins said the bonuses
were necessary to retain talent and avoid a potential “death
spiral”.
Sunderland famously told the banking standards commission last
year that former chief executive Bob Diamond, who was forced to
leave the bank in 2012, deserved his £2.7 million bonus for 2011,
in spite of Barclays paying out millions for rigging Libor while
under his tenure.
Sir David Walker, group chairman, said he was “delighted” that
Crawford has agreed to join the Barclays board.
“He brings immense experience in a range of different industries,
including the financial services sector, in addition to a
background in strategy and the public sector,” Walker said.
Gillies has over three decades of business and management
experience, initially with international management consultants
Bain & Company, where he was managing director for Europe from
2001 to 2005.
Since 2007, he has been on the board of Standard Life, where he
has chaired the remuneration committee. From 2006 to 2009, he was
chairman of the law firm Hammonds, now Squire Sanders, and he has
chaired Control Risks Group Holdings since 2007. He also chaired
Touch Bionics from 2006 to 2011 and joined the board of MITIE
Group in 2012.
Gillies has held public sector posts in England and Scotland. He
was an independent member of the Department of Trade and Industry
from 2002 to 2007 and chaired its audit and risk committee
between 2003 and 2007. He is currently chairman of Scottish
Enterprise and he is a former chairman of the Confederation of
British Industry in London.