London Stock Exchange C.E.O. Rolet to Step Down Immediately

London Stock Exchange C.E.O. Rolet to Step Down Immediately
LONDON — The London Stock Exchange Group said on Wednesday
that Xavier Rolet, its chief executive, would step down immediately, amid a public fight with a major investor who claimed Mr. Rolet was being forced out.
Then last month, Mr. Rolet announced that he would step down from the stock exchange at the end of next year
and the exchange would begin the process of finding a successor.
Mr. Rolet had originally planned to retire after the completion of the London Stock Exchange’s
merger with Deutsche Börse, but that deal was blocked by regulators this year.
Mr. Rolet had originally planned to retire at the end of next year, giving the exchange operator, one of Europe’s biggest, time to find a replacement.
or director under any circumstances.”
The stock exchange operator said that David Warren, the company’s chief financial
officer, would serve as interim chief executive until a successor was chosen.