Dispute in London Stock Exchange's search for CEO successor

Dispute in London Stock Exchange's search for CEO successor

Executive Grapevine
Executive Grapevine | Executive Grapevine International Ltd

The London Stock exchange has said that it has followed “proper governance process” for its CEO succession, despite a major shareholder saying that CEO Xavier Rolet was being forced out – Reuters reports.

TCI Fund Management, which owns more than five per cent of the stock exchange, is calling on Chairman Donald Brydon to step down. It also wants Rolet’s contract to be extended to 2021 and therefore wants the Search for his successor to be ended immediately.

To continue reading FREE content

For news and offers direct to your inbox and online, pop your business email in the box below.

If you find yourself asked to register again, please make sure that your browser cookie is enabled.

Register

I'm also interested in news for:

* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.

Related Articles

Most Read