Directorate Change
February 13 2009 - 2:00AM
UK Regulatory
TIDMLSE TIDMLSEB
RNS Number : 2722N
London Stock Exchange Group PLC
13 February 2009
13 February 2009
London stock exchange group appoints next chief executive
The Board of London Stock Exchange Group ("the Group") has appointed Xavier
Rolet as its next Chief Executive.
Xavier, 49, brings with him 25 years of international markets experience gained
at a number of major financial institutions. He will join the Board of the Group
on 16 March 2009 and will take over from Clara Furse as Chief Executive on 20
May 2009. Clara will remain as a director of the Group until the AGM in July
2009.
Between 2000 and 2008, Xavier was a senior executive at Lehman Brothers
(Europe), where he was instrumental in developing its business into Europe's
leading agency broker and, most recently, CEO of Lehman in France. Prior to
Lehman Brothers, Xavier held senior equity trading positions at Dresdner
Kleinwort Benson, Credit Suisse First Boston and Goldman Sachs.
Commenting on the appointment, Chris Gibson-Smith, Chairman of the Group, said:
"We are delighted to be appointing Xavier as the Group's next Chief Executive.
With his deep knowledge of the Exchange's customers and understanding of the
exchange business, plus his strategic mindset, Xavier is uniquely well placed to
take the Group forward in the next phase of its development.
"We are very grateful to Clara for all she has delivered to the Group. In her
eight years at the helm, she brought the Exchange to the public markets,
transformed the scale of the business and its international reputation, and most
recently led the merger with Borsa Italiana."
Xavier Rolet said:
"I am very excited to be joining London Stock Exchange Group. It is a great
company, drawing from a rich pool of talented employees. Its strategic position
is unique, and its business prospects are excellent. I look forward to
contributing to its continued success and to developing further, in Clara's
footsteps, the potential of this great international franchise."
- ends -
For further information, please contact:
+-------------------------+----------------------------------+------------------------+
| London Stock Exchange | Patrick Humphris - Media | +44 (0)20 7797 1222 |
+-------------------------+----------------------------------+------------------------+
| | Alessandro Pavesi - Media | +39 02 72426 442 |
+-------------------------+----------------------------------+------------------------+
| | Paul Froud - Investor Relations | +44 (0) 20 7797 3322 |
+-------------------------+----------------------------------+------------------------+
Notes to editors
Please see biographical information on Xavier Rolet below:
Career summary:
+-------------------------------+------------------------------------------------------------------------+
| 2000 - 2008 | Lehman Brothers |
| 2007 - 2008 | CEO, France |
| 2003 - 2007 | MD; Head of European Senior Client Relationship Management |
| | MD; Co-Head of Global Equity Capital Markets Origination and Head of |
| 2001 - 2003 | European and Asian Equities |
| | MD; Co-Head of Global Equity Trading |
| 2000 - 2001 | |
| | Dresdner Kleinwort Benson |
| 1997 - 2000 | Deputy Head of Global Equities; Head of Global Risk and Trading |
| | |
| | Bayerische Vereinsbank A.G. |
| | International Equity Strategy Consultant |
| 1996 - 1997 | |
| | Credit Suisse First Boston |
| | MD; Head of European Equities |
| 1994 - 1996 | |
| | Goldman, Sachs & Co |
| | Co-Head of European Equities Sales & Trading |
| 1984 - 1994 | Vice-President, International Arbitrage |
| 1990 - 1994 | |
| 1984 - 1990 | |
| | |
+-------------------------------+------------------------------------------------------------------------+
Education:
+-----------------------+------------------------------------------------------+
| 1984 | Columbia University |
| 1981 | MBA |
| | Ecole Superieure de Commerce |
| | Master of Science in Management |
+-----------------------+------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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