LONDON - Barclays said on Tuesday that it had chosen a former Bain & Company managing director to serve as the head of its compensation committee.
Crawford Gillies, who was the managing director for Europe at Bain & Company from 2001 to 2005, will join the Barclays board of directors on May 1. He will eventually succeed John Sunderland as chairman of the remuneration committee at a later date.
The change comes after Barclays increased its bonus pool for last year despite a steep loss in the fourth quarter, leading to a public outcry.
Mr. Sunderland, who will have served on the Barclays board for nine years in June, is expected to step down as a director after the company’s 2015 annual meeting. He is overseeing the process of finding a successor for David Walker, the Barclays group chairman.
“I am delighted that Crawford has agreed to join the Barclays board,†Mr. Walker said in a statement. “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.â€
Barclays said in February that it had posted a fourth-quarter loss of 514 million pounds, or about $860 million, and that it would eliminate 12,000 jobs, or about 8 percent of its work force, as part of a restructuring.
Despite the loss, the bank increased its compensation pool to £2.4 billion in 2013 from £2.2 billion in 2012. Barclays noted at the time that its bonus pool remained £1.1 billion lower than it was in 2010.
Antony P. Jenkins, the Barclays chief executive, has declined to take a bonus since he took the top job in 2012, after the departure of Robert E. Diamond Jr.
Mr. Gillies led Bain & Company’s British business from 1996 to 2000. Mr. Gillies was a former chairman of the law firm Hammonds, now called Squire Sanders, and is chairman of the risk consultant Control Risks Group Holdings. He is a former chairman of the medical device company Touch Bionics and is a director of Standard Life.
