She joined the lending division of the company back in 2009, having previously served American Express in a number of senior positions for 16 years prior to that.
In the past, the chief had described her leadership style as flexible to adapt to the situation at hand, and summed it up as “visionary, collaborative and challenging”.
As Soranno Keating’s new challenge will be outside of the bank, it may see her return to a business advisory role. Before joining American Express, her earlier career involved delivering strategic guidance to Fortune 500 firms when working as a management consultant at A.T. Kearney.
Antony Jenkins, group chief executive, Barclays, said: “Val has made a significant contribution to the growth and development of Barclaycard during her five years leading the business. Her strategic leadership, energy and commitment have been the hallmarks of her tenure as CEO.
“Val is leaving a strong legacy which is clear in the financial performance and trajectory of the business. We will be sad to see her leave and I know everyone at Barclays will join me in wishing her well for the future.”
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The departure will see Amer Sajed, the CEO of Barclaycard US, taking Soranno Keating’s role temporarily while the search for a replacement takes place – though it’s unclear when her official leaving date will be.
Soranno Keating, said: “After more than five great years leading Barclaycard to more than double its size I feel the time is right to find a new professional challenge. It is a real testament to the commitment of my colleagues that we have made Barclaycard into the global payments leader it is today.
“I could not be more proud for having led this business during this important chapter in its history and look forward to seeing what Barclaycard will achieve during this next chapter.”
Andy Harrison is another CEO to have handed in his notice after five years, and will stand down from leading Costa and Premier Inn owner Whitbread. However, he will stay on to oversee the business until February 2016, at which time he will retire rather than move on to a new role.
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