London Stock Exchange Group PLC CEO Succession Planning (0463U)
October 19 2017 - 2:00AM
UK Regulatory
TIDMLSE
RNS Number : 0463U
London Stock Exchange Group PLC
19 October 2017
London Stock Exchange Group plc
19 October 2017
This announcement contains inside information
Xavier Rolet to leave London Stock Exchange Group by the end of
December 2018
As Xavier Rolet approaches nine years of extraordinary success,
London Stock Exchange Group (LSEG) announces that he will leave the
Group by the end of December 2018.
Under Xavier's leadership, LSEG has built a clear and successful
strategy and a strong management team, resulting in an increase in
the Group's market capitalisation from GBP800 million to almost
GBP14 billion today.
The Board is now initiating a process to find a successor and
will work closely with Xavier to ensure a smooth transition process
as the Group continues to execute on its successful growth
strategy, based on the enduring principles of Open Access and
partnership with customers.
Xavier Rolet, CEO London Stock Exchange Group said:
"I am extremely proud of all we have done together in just under
a decade to turn LSEG into a truly global financial market
infrastructure group.
"By adhering to our core values of partnership, innovation, open
access and integrity, we have shown the hugely positive
contribution capitalism can make to all of society.
"But even the most transformational global strategy could not be
possible without a dogged and professional focus on execution and I
continue to be in the debt of all my friends and colleagues at LSEG
who have made and continue to make it happen.
"I would also like to thank the Board and our shareholders for
supporting this strategy. Establishing relevance and leadership in
a consolidating global industry cannot be achieved without taking
certain risks and making bold moves.
"I look forward to getting on with the business of ensuring an
orderly transition as we continue to deliver on our strategy and
financial targets."
Donald Brydon, Chairman of London Stock Exchange Group said:
"There will be many opportunities ahead to celebrate Xavier's
remarkable achievements. Under his leadership, LSEG has been
transformed in scale to become a truly diversified and
international leader in financial markets infrastructure. I am
delighted that Xavier will remain as CEO and continue to lead the
company until his successor is appointed. LSEG remains well
positioned for the opportunities ahead and remains confident of
delivering further success and value for shareholders."
Further information is available from:
London Stock
Exchange Group Lucie Holloway/Ramesh +44 (0) 20 7797
plc Chhabra - Media 1222
Paul Froud - Investor +44 (0) 20 7797
Relations 3322
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUKSVRBRARARA
(END) Dow Jones Newswires
October 19, 2017 02:00 ET (06:00 GMT)
London Stock Exchange (LSE:LSEG)
Historical Stock Chart
From Apr 2024 to May 2024
London Stock Exchange (LSE:LSEG)
Historical Stock Chart
From May 2023 to May 2024