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

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAFIFFRLDLIFIV