London Stock Exchange Group (LSEG) has appointed Donald Brydon as its new chairman.
Brydon has an impressive CV, having served as chairman of Royal Mail as well as spending 15 years at AXA, where he occupied a number of roles. He will be replaced at Royal Mail by Peter Long, co-chief executive of travel company TUI.
The appointment comes after current chairman Chris Gibson-Smith announced he will step down after 12 years.
Brydon will join the board immediately, but won’t take on his new responsibilities until 1 July. Gibson-Smith will remain until that date, and will stay on the board until 31 August.
Gibson‐Smith added that it had been an honour to serve as chairman:
I am delighted that Donald will be joining the board of London Stock Exchange Group, and succeeding me as chairman. His significant board experience, knowledge of our dynamic industry and his personal qualities will be invaluable.
Being asked to become chairman of one of the world's most respected and ambitious financial organisations is a real privilege. I am looking forward to working with a great team and playing my part in helping guide London Stock Exchange Group to further success.