The London Stock Exchange Group (LSEG) announced this Thursday that it will soon have a new Chief Financial Officer (CFO), with Anna Manz to assume the position on the 21st of November 2020, as well as joining as a member of the Board.
As the CFO, Manz will be reporting to LSEG’s CEO, David Schwimmer, and she succeeds David Warren, who announced back in October of last year that he would be retiring and, therefore, stepping down from the Board by the end of this year.
Upon Manz taking on the role of CFO, Warren will step down as CFO and Executive Director, but he will remain on with the Group until his retirement date of the 24th of June 2021.
Manz will be joining LSEG from Johnson Matthey plc, where she is currently the CFO and Executive Director. Before her current role, she spent 7 years at Diageo plc. During this time, she had held a number of senior finance roles, with her most recent being the Chief Strategy Officer and a member of the Executive Committee. Manz is currently a Non-Executive Director at ITV plc.
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Commenting on the changes, David Schwimmer, CEO, LSEG said in the statement: “We are delighted to welcome Anna to the Group. She brings deep financial and leadership experience from her career at major UK listed companies, driving strategic change and delivering value to shareholders, customers and other stakeholders.
“She will play a central role as the Group continues to develop and grow. I’d like to thank David Warren for his many contributions over a transformational eight year period. His leadership, partnership approach and professionalism will be missed.”
Manz to receive £650K salary at LSEG
As the CFO, LSEG disclosed that Manz will receive a salary of £650,000 and a pension allowance of 10 per cent of salary. Furthermore, she will be eligible to participate in the Group’s existing annual bonus plan with a target of 100 per cent of salary.
As part of the company’s Remuneration Policy, this bonus has a maximum opportunity of 200 per cent of salary, with 50 per cent of any bonus deferred into shares for a period of 3 years.
“I’m delighted to join London Stock Exchange Group, a growing and dynamic business at the heart of international financial markets. I look forward to working with David and the entire team to deliver further value, including the benefits of the proposed transaction with Refinitiv,” added Manz in the statement.