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new chief exec
Scandal-tainted Barclays has appointed Antony Jenkins, an insider, to be CEO, as the bank aims to restore its reputation. Jenkins, an Oxford-educated Briton who led the retail and business banking unit, steps into the top spot during a period of continued upheaval. The bank is trying to distance itself from the rate-manipulation scandal that occurred under the watch of CEO Robert Diamond Jr., who resigned in early July.
The DuPont Co. is selling its performance coatings business for $4.9 billion in cash to The Carlyle Group, giving the private equity firm another investment in the automotive and industrial segments. DuPont CEO Ellen Kullman said the sale will allow the company to focus on higher-growth, higher-margin businesses. Those include agriculture and nutrition, bio-based industrials, and advanced materials, which are the foundation of DuPont’s long-term growth targets.
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