Barclays’s Michael Rake to Become WorldPay Chairman in September
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Barclays Plc Deputy Chairman Michael Rake, who helped oust former Chief Executive Officer Antony Jenkins last week, will become payment processor WorldPay Ltd.’s next chairman.
Rake will replace John Allan on Sept. 1, WorldPay said in a statement Wednesday. Rake, also the bank’s senior independent director, will keep his position and stay on the board “until at least the end of 2015,” according to a separate statement from Barclays.