The International Stock Exchange has announced that Jon Moulton will be retiring as parent company Chairman and stepping down as a Director at the end of the year.
He will be succeeded as Chairman of The International Stock Exchange Group (TISEG) by Charlie Geffen, who currently occupies the Chair role within the regulatory subsidiary, The International Stock Exchange Authority (TISEA).
"We have significantly changed the business since I got involved seven years ago and I am pleased to be handing over the reins with it in a much stronger position," said Mr Moulton. "I'd like to thank my fellow directors and the executive teams for everything they have done to assist in making this difference and I'm delighted to be leaving the business in the highly capable hands of Charlie Geffen."
Mr Geffen has been TISEA Chairman since January and will remain in the role until the end of 2020.
"The period since I joined the group at the start of the year has coincided with the covid-19 pandemic and the way in which the business has continued to operate smoothly is a testament to our professional, committed teams," added Mr Geffen. "Jon will leave us in very good shape and I am looking forward to working with all internal and external stakeholders as we continue to improve the business."
As a consequence of Mr Geffen's appointment to the Board, an additional Non-Executive Directors of TISEA will be recruited later in the year, when there will also be an announcement on the appointment of the new TISEA Chairman.
"On behalf of the Board of Directors, I would like to place on record our utmost thanks to Jon for his extremely valuable contribution to the transformation of the business over the last seven years," said Non-Executive Director of TISEG and Chairman of the Nominations Committee, Anderson Whamond. "At the same time, I'm delighted that he will be succeeded by Charlie, whom I look forward to joining the TISEG Board from the start of next year as we execute the next phase of the group's strategy."
Pictured top: Charlie Geffen and Jon Moulton.
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