REG - LondonStockExGroup - CFO appointment

London Stock ExchangeAnnouncement

20/11/2023 07:00

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RNS Number : 9630T  London Stock Exchange Group PLC  20 November 2023

20 November 2023

 

 

LSEG appoints Michel-Alain Proch as Chief Financial Officer

 

 

London Stock Exchange Group (LSEG) announces today that Michel-Alain Proch has
been appointed Chief Financial Officer and a member of the Board of LSEG plc.
Reporting to David Schwimmer, he will join LSEG on 26 February 2024 before
joining the Board as CFO on 1 March 2024, subject to regulatory approval.
Following publication of the Group's 2023 Full Year Annual Results on 29
February 2024 Anna Manz will step down from the Board and leave the Group.

 

Michel-Alain Proch is currently Group Chief Financial Officer for Publicis
Groupe SA where he is a member of the Management Board leading the global
finance team across 100 countries. Prior to this, he has held several listed
company CFO positions, notably at Ingenico and Atos, where he was also CEO,
North America and Group Chief Digital Officer. Michel-Alain is Vice-Chairman
of the Board, Maisons du Monde.

 

Michel-Alain will relocate to London from Paris to take up the role.

 

David Schwimmer, CEO, LSEG:

"I'm delighted to welcome Michel-Alain to LSEG. His deep experience across
global, financial infrastructure and IT data solutions firms will be
invaluable as we deliver against the next stage of our strategic growth. I
would also like to wish Anna every success for her next chapter and thank her
for the outstanding contribution she has made to the transformation of LSEG."

 

Don Robert, Chair, LSEG:

"Anna has been a valued member of the LSEG Board and I would like to thank her
for the key role she has played in the successful delivery of the Group's
strategy over the last three years. We look forward to welcoming Michel-Alain
to the Board."

 

Michel-Alain Proch:

"It is an exciting time to be joining LSEG as the Group continues its
transformation as a leading global financial markets infrastructure and data
provider. I look forward to working with David and the entire team to deliver
against our strategy and achieve further value for stakeholders."

 

Remuneration disclosure

 

Incoming CFO:

As CFO of LSEG, Michel-Alain will receive a salary of £850,000 with remaining
remuneration arrangements aligning to the Remuneration Policy.

 

Michel-Alain will also be granted buyout awards to compensate for bonus and
unvested equity awards forfeited from Publicis Groupe SA. Buyout awards will
align with the timing of the forfeited awards. Quantum for the forfeited FY23
bonus and 2021 and 2022 LTIPs will be based on and validated against Publicis
Groupe SA performance outcomes. The forfeited 2023 LTIP will be valued based
on a market aligned discount applied to the face value of the award. Vesting
will not be performance contingent.

 

Departing CFO:

Anna Manz resigned 25 May 2023.  Her remuneration, including any unvested
LTIPs, deferred bonuses, buyout awards, cash bonuses, salary adjustments and
shareholding requirements, will be treated in accordance with the Company's
current Remuneration Policy, the leaver provisions within it, and her service
contract. While Anna Manz's notice period runs until 24 May 2024, her
contractual remuneration will cease on her last day worked.

 

Full details will be disclosed on the Company's website in due course in
compliance with Section 430(2B) of the Companies Act 2006 and in the
Directors' Remuneration Report within the Company's Annual Report and Accounts
for the year ended 31 December 2023, and subsequent years, as appropriate.

 

The company confirms there is no further information to be disclosed under the
requirements of listing rule 9.6.13R in relation to this appointment.

 

 

- Ends -

 

Contacts

 

Investors

Peregrine Riviere / Chris Turner - Investor Relations ir@lseg.com

 

Media

Lucie Holloway / Rhiannon Davies - External Communications

+44 (0)20 7797 1222

newsroom@lseg.com (mailto:newsroom@lseg.com)

www.lseg.com (http://www.lseg.com)

 

 

Notes To Editors

 

Michel-Alain Proch

 

 NON-EXECUTIVE ROLES
 2020 - to date       Vice Chairman of the Board, Maisons du Monde

                      Chair of Audit Committee, Member of Nomination & Compensation Committee

 2014 - 2017          Non-Executive Director, Worldline

                      Member of Audit Committee

 EXECUTIVE ROLES
 2021 - to date       Publicis Groupe SA

                      2021 - to date: Group Chief Financial Officer

 2019 - 2021          Worldline SA (Ingenico)

                      2020 - 2021: Senior Advisor to Chairman and Chief Executive Officer

                      2019 - 2020: Group Chief Financial Officer

 2006 - 2019          Atos SE

                      2018 - 2019: Group Chief Digital Officer

                      2015 - 2018: Chief Executive Officer, North America

                      2007 - 2015: Group Chief Financial Officer

                      2006 - 2007: Group Senior Vice President Internal Audit and Risk Management

 1998 - 2005          Hermès International SA

                      2002 - 2005: Chief Financial Officer, North & South America

                      1998 - 2002: Group Director of Internal Audit and Finance Controller

 1992 - 1998          Deloitte & Touche

                      Audit Manager

 EDUCATION
 1992                 ESC Toulouse, Masters Degree, Finance & Economics

 

 

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