Former Barclays chairman Marcus Agius to leave BBC board

Former Barclays chairman Marcus Agius will leave his position on the BBC's executive board in November when his term expires, the corporation has announced. He has just quit as chairman of the embattled bank on Monday , saying he was "truly sorry" for the interest-rate rigging scandal that has dealt a "devastating blow" to the bank's resignation. The Harvard-educated banker, who has sat on the BBC board since 2006, resigned from Barclays on Monday morning and announced an internal review into the bank's practices after the revelations of the rate-rigging scandal. A BBC spokeswoman said: "Marcus Agius is currently serving his second three-year term as the senior non-executive director on the BBC executive board. He will continue to discharge his duties as senior non-executive director until his second term expires in November." When he was appointed to the position six years ago, BBC directo general Mark Thompson praised Agius's "impressive and very successful track record in managing large institutions". David Cameron today launched a full parliamentary inquiry into the rate-rigging scandal amid a wave of criticism of British banking. A BBC spokesperson indicated it was "normal practice" for non-executive directors to step down after completing two terms. However, there have been occasions when people have served for longer than two terms. • To contact the MediaGuardian news desk email [email protected] or phone 020 3353 3857. For all other inquiries please call the main Guardian switchboard on 020 3353 2000. If you are writing a comment for publication, please mark clearly "for publication". • To get the latest media news to your desktop or mobile, follow MediaGuardian on Twitter at and Facebook at http://www.facebook.com/mediaguardian