Press releases 2001
23 March 2001
LONDON STOCK EXCHANGE ANNOUNCES MANAGEMENT RESTRUCTURE
Clara Furse, Chief Executive at the London Stock Exchange today announced a
reorganisation of the Exchange's management structure. The changes are
designed to focus high level resource on strategic development, and further
strengthen the Exchange's marketing and communications drive. This
underlines the Exchange's commitment to build and expand its international
business by developing its customer services and infrastructure.
The new position of Deputy Chief Executive, with responsibility for
Corporate Strategy and Development, is filled by Martin Wheatley, until now
Director of Business Development at the Exchange. Nick Gammage, currently
Communications Director at the Consumers' Association, will take up the new
role of Director of Communications, with responsibility for developing and
implementing the Exchange's communication strategy.
In addition Jonathan Howell becomes the Director of Finance with specific
new responsibility for Investor Relations.
Andrew McStravick becomes Director of Operations, a new and expanded
management role. A new post of Director of Marketing has been created to
drive the sales and marketing effort of the Exchange. Until the appointment
is made, Clara Furse will take direct responsibility for this important
position. A Chief Information Officer is also to be appointed to carry
forward the Exchange's systems business and to develop its information
Clara Furse, Chief Executive at the London Stock Exchange, said:
"This reorganisation puts in place a management structure which focuses the
Exchange on building its future. It puts us in a strong position to manage
key strategic relationships and develop and implement strategic change. It
will focus our efforts more closely on meeting and anticipating our
customers' needs. I am very pleased that one of Martin Wheatley's first
tasks as Deputy Chief Executive will be to host our European marketing
events, part of our plan to strengthen the power of our brand and
internationalise our services. I am also delighted to welcome Nick Gammage
to the Exchange. He will provide fresh impetus to our strategy which aims
to enhance the Exchange's worldwide reputation. Now more than ever, the
London Stock Exchange is strongly placed to build on its role as Europe's
pre-eminent stock exchange."
Note to editors:
* No changes to the Board's structure have been made. Martin Wheatley and
Jonathan Howell remain Board Directors.
Nick Gammage : Principal Appointments
|1980 - 1985
||Reporter for evening newspapers.
Including the Yorkshire Evening Press
|1985 - 1996
||Government Information Service.
Including Chief Press Officer at the Department for Education and Employment
and Chief Press Officer and Head of Promotions at the Department for the
|1996 - 1998
||Director of Communications, OFTEL
|1998 - 2001
Communications Director, Consumers' Association
Summary of Management after changes
Deputy Chief Executive, Martin Wheatley
Director of Communications, Nick Gammage
Director of Marketing, Clara Furse (Acting)
Director of Finance, Jonathan Howell
Director of Operations, Andrew McStravick
Chief Information Officer, Martin Wheatley (Acting)