Rolet to leave immediately
November 29, 2017

Chief Executive Officer Xavier R Rolet KBE announced today (November 29) that he would leave immediately after nearly a decade in the post, during which LSEG has been transformed. In terms of market capitalization alone its value has risen from 800 million to nearly 14 billion.

Suspicion was rampant that he was being forced to leave the post. The LSEG issued a formal statement on November 3 in response to a letter from activist investment TCI Capital Management (The Children's Investment Fund) saying that Xavier Rolet will be providing input into the process to identify his successor and is focussed on his role as CEO until his successor is appointed.

That is clearly no longer the case. Chief Financial Officer David Warren is taking on the role on an interim basis while the LSEG scours the markets for a suitable replacement.





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Chief Executive Officer Xavier R Rolet KBE announced today (November 29) that he would leave immediately after nearly a decade in the post, during which LSEG has been transformed. In terms of market capitalization alone its value has risen from 800 million to nearly 14 billion.

Suspicion was rampant that he was being forced to leave the post. The LSEG issued a formal statement on November 3 in response to a letter from activist investment TCI Capital Management (The Children's Investment Fund) saying that Xavier Rolet will be providing input into the process to identify his successor and is focussed on his role as CEO until his successor is appointed.

That is clearly no longer the case. Chief Financial Officer David Warren is taking on the role on an interim basis while the LSEG scours the markets for a suitable replacement.



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