London Stock Exchange Group Names Donald Robert as Next Chairman
14 Dezembro 2018 - 01:37PM
Dow Jones News
By Adam Clark
London Stock Exchange Group PLC (LSE.LN) said Friday that it has
appointed Donald Robert as its next chairman, as the company looks
to move on from a boardroom struggle that marred previous
succession plans.
Mr. Robert, current chairman of credit-data company Experian PLC
(EXPN.LN), will succeed current LSE Group Chair Donald Brydon after
the exchange operator's annual general meeting in May. He will be a
nonexecutive director from Jan. 1.
LSE Group was embroiled in a controversy over its leadership in
2017, when activist investor TCI Fund Management Ltd. objected to
the planned departure of former chief executive Xavier Rolet and
sought to replace Mr. Brydon.
The fight was eventually resolved with the immediate exit of Mr.
Rolet, and Mr. Brydon committing to leave in 2019. LSE Group
appointed new CEO David Schwimmer in August.
Experian said in a separate announcement that Mr. Robert will
step down as chairman and director either at its own AGM in July or
when a successor is appointed, whichever is later.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
December 14, 2018 10:22 ET (15:22 GMT)
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