Investors head for showdown with LSE board over CEO’s departure
Senior figures from The Children’s Investment Fund are set to meet the London Stock Exchange board next week to discuss the departure of chief executive Xavier Rolet.
Donald Brydon, chairman of the London Stock Exchange. Photo: US Embassy, Flickr, CC
The board of the London Stock Exchange is this morning considering demands for an extraordinary general meeting (EGM) from shareholders angry over the resignation of chief executive Xavier Rolet.
The EGM has been called by disgruntled shareholder The Children's Investment Fund (TCI)—owner of a 5% stake in the LSE—which has tabled two motions: that Rolet stay on in his role until 2021, and that chairman Donald Brydon step down. The LSE has 21 days to respond.
Reports this morning suggest that the LSE board has invited senior figures from TCI to a board meeting to discuss the issue.
Rolet's departure was announced in October but he
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