The London Stock Exchange (LSE) is losing its Chief Financial Officer, Doug Webb, as part of a wider management shake up.
Webb joined the firm in 2008 but will step down from the board on July 2nd, and leave the firm on July 31st. He'll be replaced by David Warren, a recruit from US stock exchange NASDAQ.
The LSE's Chief Executive, Xavier Rolet, said he thought Warren's international experience would be an asset to the group.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The LSE has also recruited Alexander Justham from the Financial Services Authority to the position of Chief Executive Officer of London Stock Exchange plc, the group's well known (and heavily regulated) subsidiary.
He will assume group-wide responsibility for regulatory strategy, government and public affairs and for UK regulation.
Others being moved around the management chess board include Antoine Shagoury, who becomes Chief Operating Officer, and David Lester who gets the Director of Strategic Development brief.
BS
-
Water companies blocked from using customer money to pay “undeserved” bonusesThe regulator has blocked three water companies from using billpayer money to pay £1.5 million in exec bonuses
-
Will the Bitcoin price hit $100,000?With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
