group finance director Chris Lucas and group general counsel Mark Harding to retire from Barclays

Barclays has announced that the group finance director Chris Lucas, and the group general counsel Mark Harding, have decided to retire from the company.

Lucas was one of number of Barclays senior management who waived his bonus last year following the Libor-rigging scandal

The pair have agreed to remain in their roles until their successors have been appointed and an appropriate handover completed. The search for these appointments is now underway.

Antony Jenkins, group CEO, said: “Chris and Mark both expressed to me late last year that they were considering stepping down from their roles at Barclays. The rationale which each shared with me was consistent and, typically, grounded in wanting to do what is best for the bank. Their decision to retire was theirs alone.

“Barclays is at an inflection point in our journey towards becoming the ‘Go-To’ Bank. We will shortly unveil the outcome of our strategic review, to which they have both made a major contribution. The execution of our change programme will take place over the next 5-10 years, and both Chris and Mark feel that now is the right time for them, personally and professionally, to pass the baton on in their respective roles to executives who can commit to seeing that programme to completion.

“Chris and Mark have given tremendous service to Barclays. The Chairman, the Board and all my Executive Committee colleagues and I shall be very sorry to see them go. I know they join me in recognising the quality of their contributions, the sacrifices they have both made in what have often been challenging times, and their unfailing collegiality.

“We will continue to rely on them very greatly in the coming months.”