REG - Tullett Prebon Plc - Directorate Change <Origin Href="QuoteRef">TLPR.L</Origin>

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06/09/2014 16:48

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RNS Number : 5785M
Tullett Prebon PLC
17 July 2014 
 
17 July 2014 
 
Tullett Prebon plc 
 
Directorate Change 
 
Tullett Prebon plc (the "Company") announces the appointment of John
Phizackerley as an executive director and Chief Executive Officer of the
Company, with effect from 1 September 2014. 
 
Further to the announcement on 3 June 2014, Terry Smith will stand down as an
executive director and Chief Executive Officer of the Company, on 31 August 
2014. 
 
John Phizackerley held a number of senior management positions at Nomura
International plc from 2009 to 2013, including Chief Executive Officer EMEA
from March 2011 to May 2013.  Prior to joining Nomura, John Phizackerley
worked for Lehman Brothers from 1986 to 2008 in roles including head of
research, co-head of Equities and Chief Administrative Officer EMEA.   He
started his career as an underground mining engineer with Anglo American
Corporation of South Africa. 
 
Rupert Robson, Chairman of Tullett Prebon plc commented: 
 
"Terry Smith had the vision more than ten years ago to bring together Tullett
Liberty and Prebon Yamane to create what is today one of the leading
inter-dealer brokers in the world. In the process he has created significant
value for shareholders and has steered the group through the financial and
regulatory upheavals of the last few years. We are immensely grateful for his
huge contribution to the business and wish him well for the future with
Fundsmith." 
 
"I am delighted to welcome John Phizackerley as Tullett Prebon's new chief
executive. He has a distinguished track record in the investment banking
industry and wide international experience. His deep understanding of our
customers' needs and his regulatory expertise will be invaluable in taking
Tullett Prebon forward in these changing times to the next stage in its
development." 
 
There are no additional disclosures required under rule 9.6.13 of the Listing
Rules of the Financial Conduct Authority in connection with John
Phizackerley's appointment. 
 
Terry Smith has agreed to maintain his involvement with the Company as a
consultant over the next two years, advising the Chairman and Board on matters
relating to the management and strategic development of the Company. He will
receive a fee, via a personal services company, of £250,000 per annum for
providing the consultancy services. 
 
- Ends - 
 
Enquiries: 
 
Nigel Szembel, Head of Communications 
 
Tullett Prebon plc 
 
+44 (0)20 7200 7722 
 
This information is provided by RNS
The company news service from the London Stock Exchange