Wade quits Barclays following Taylor’s exit

Barclays suffered another high profile exit this week when group communications director Elizabeth Wade decided to leave the bank.

Barclays suffered another high profile exit this week when group

communications director Elizabeth Wade decided to leave the bank.



Wade took over the role in January 1997 after three years as investor

relations head for Barclays. She worked closely with former chief

executive Martin Taylor who resigned in November amid mounting criticism

of his leadership.



’Five years in a senior communications role at one company is probably

enough and there have been changes in management which make it an

appropriate time to stand aside,’ said Wade. She is due to leave at the

end of the month and has not decided on her next move.



The central communications function has a staff of 70 and handles all

Barclays’ major strategic initiatives. The bank has already split Wade’s

role into three. Her deputy Leigh Bruce takes over as group

communications director. He will handle media relations, internal

communications and public affairs, reporting to acting chief executive

Sir Peter Middleton.



Barclays has four business division. Bruce joined Barclays Capital last

February as communications director and retains the role. The PR heads

of the other three divisions, who all report to their respective chief

executives, are unaffected by the changes.



Sally Shire, currently head of brand management, takes over the new role

of corporate affairs director. She will look after the brand programme,

community and social affairs, and the chairman’s office. Shire reports

to Bruce, the CEO or the chairman as appropriate. Investor relations,

which used to report to Wade, now comes under the aegis of the group

finance director. IR head Ian Roundell is promoted from senior manager

to senior executive.



Taylor appointed Wade to Barclays’ ten-strong executive committee last

July. The bank declined to comment as to whether a communicator would

take her seat.



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