LSE makes board changes

Source: London Stock Exchange

London Stock Exchange Group (LSEG) announces that Gay Huey Evans and Paul Heiden have today joined the Board of LSEG as independent Non-Executive Directors and that Raffaele Jerusalmi today joined as an Executive Director.

Paul Heiden will chair the Audit Committee and Gay Huey Evans will join the Audit and Remuneration Committees.

Oscar Fanjul and Nigel Stapleton have both announced they will not be seeking re-election at the forthcoming Annual General Meeting and will therefore step down on 14 July.

The Board has carried out a review of its composition and this is the first step in refreshing its membership, including some long-serving Non-Executive Directors over the next 12 months.

Chris Gibson-Smith, Chairman of LSEG, commented: "I would like to thank Oscar and Nigel for their respective nine years on the Board and their substantial contributions during this time. Both have seen the Group through its development as a listed company during an exciting and eventful period, including the merger with Borsa Italiana. We are grateful for their invaluable advice as Chairmen and members of Board committees.

"I am very pleased to welcome Gay and Paul to the Board. The Board already knows Raffaele well and we are delighted to welcome him as an Executive Director. Gay, Paul and Raffaele will add to the skills, knowledge and experience of the Board as we take the business to the next stage of its development."

Oscar Fanjul joined the Board in 2001 and currently chairs the Audit Committee and is a member of the Remuneration Committee. Nigel Stapleton also joined the Board in 2001 and has served on and chaired the Audit Committee and Remuneration Committees.

Gay Huey Evans is Vice Chairman Investment Banking and Investment Management at Barclays plc where she recently managed relationships with Sovereign Funds across the Barclays Group. She previously worked at Citibank between 2005 and 2008 and before that was Director of Markets Division and Head of Capital Markets Sector at the Financial Services Authority.

Paul Heiden is Executive Chairman of Talaris Topco Limited and Independent Non-Executive Director of United Utilities Group Plc. He has also recently been appointed as Non-Executive Director of Meggitt plc. He was CEO of FKI plc, the diversified engineering group, and prior to that was Group Finance Director of Rolls Royce plc. He is an Associate Member of the Institute of Chartered Accountants in England and Wales.

Raffaele Jerusalmi is Director of Capital Markets at the London Stock Exchange Group and Chief Executive Officer of Borsa Italiana. He is also a board member of Borsa Italiana, Monte Titoli, CC&G, MTS and EDX. Prior to joining Borsa Italiana in 1998, he was head of trading for Italian fixed income at Credit Suisse First Boston and member of the proprietary trading group in London from 1996 to 1998.

There are no other matters relating to the new directors which would require disclosure under Listing Rules 9.6.13R other than as set out below.

Background

Paul Heiden

Non-Executive Director

Appointed to the Board in June 2010. He is Independent Non-Executive Director of United Utilities Group plc and has also recently been appointed as Non-Executive Director of Meggitt plc. Previously Chief Executive Officer of FKI plc from 2003 to 2008, Non-Executive director of Bunzl plc from 1998 to 2005 and Non-Executive Director of Filtrona plc from 2005 to 2006.

Gay Huey Evans

Non-Executive Director

Appointed to the Board in June 2010.

Raffaele Jerusalmi

Executive Director

Appointed to the Board in June 2010. Raffaele has been a board member of Borsa Italiana since 1998.

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