The FINANCIAL -- As Xavier Rolet approaches nine years of extraordinary success, London Stock Exchange Group (LSEG) announces that he will leave the Group by the end of December 2018.
Under Xavier’s leadership, LSEG has built a clear and successful strategy and a strong management team, resulting in an increase in the Group’s market capitalisation from £800 million to almost £14 billion today.
The Board is now initiating a process to find a successor and will work closely with Xavier to ensure a smooth transition process as the Group continues to execute on its successful growth strategy, based on the enduring principles of Open Access and partnership with customers, according to London Stock Exchange Group.
Xavier Rolet, CEO London Stock Exchange Group said:
“I am extremely proud of all we have done together in just under a decade to turn LSEG into a truly global financial market infrastructure group.
“By adhering to our core values of partnership, innovation, open access and integrity, we have shown the hugely positive contribution capitalism can make to all of society.
“But even the most transformational global strategy could not be possible without a dogged and professional focus on execution and I continue to be in the debt of all my friends and colleagues at LSEG who have made and continue to make it happen.
“I would also like to thank the Board and our shareholders for supporting this strategy. Establishing relevance and leadership in a consolidating global industry cannot be achieved without taking certain risks and making bold moves.
“I look forward to getting on with the business of ensuring an orderly transition as we continue to deliver on our strategy and financial targets.”
Donald Brydon, Chairman of London Stock Exchange Group said:
“There will be many opportunities ahead to celebrate Xavier’s remarkable achievements. Under his leadership, LSEG has been transformed in scale to become a truly diversified and international leader in financial markets infrastructure. I am delighted that Xavier will remain as CEO and continue to lead the company until his successor is appointed. LSEG remains well positioned for the opportunities ahead and remains confident of delivering further success and value for shareholders.”