Weymouth steps down as Barclays CIO


Weymouth steps down as Barclays CIO

Lindsay Clark
David Weymouth has stepped down as chief information officer at Barclays, the bank that last week reported a record £4.4bn profit for 2004.

A 27-year veteran of Barclays, Weymouth became CIO in February 2000 and embarked on a major reorganisation of the bank's IT departments, outsourcing many previously in-house functions.

Weymouth is taking on the newly created role of Barclays corporate responsibility director. A spokesman for the bank said the scope of the CIO role had reduced since Barclays restructured and created Barclays UK Banking.

Many back-office IT functions became the responsibility of the new business, and the central IT department has cut its headcount from 7,000 to 2,000.

Mike Foley from consultancy group Booze-Allen Hamilton will take over for six months as interim CIO while the bank finds a permanent candidate for the position.

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