Chi-X Europe reshuffles board as Mackay moves aside
25 May 2010 | 7668 views | 0
Chi-X Europe has appointed John Woodman as chairman, replacing long-standing incumbent and founding CEO Tony Mackay (pictured), who moves to take up a non-executive position of chairman emeritus at the global equities exchange
The top-level reshuffle follows the recent departures of other long-serving executives, including former COO Hiranda Misra and chief executive Peter Randall.
Mackay, a former chairman of Instinet Europe, has been chairman of Chi-X for three years. The appointment of former UBS banker Woodman, who has acted as an independent consultant and non-executive director at Chi-X, reflects a determination by the company to strike an independent note following Instinet's dilution of its shareholdings and the arrival of new stakeholder banks.
The latest boardroom shift also marks the departure of Marye Humphery, who has resigned a non-executive role "to make way for greater shareholder representation on the board," says Chi-X chief Alsdair Haynes.
In his new position as chairman emeritus, Mackay will reports to Chi-X Global CEO John Lowry in a Hong Kong-based role advising on opportunities in Asia.