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London Stock Exchange stands by chairman to prevent ‘destabilising’ exit

SE confirms that Xavier Rolet's relationship with the board and managers deteriorated

In happier times: Xavier Rolet (left) and Donald Brydon (second from left) ring the opening bell at the LSE
In happier times: Xavier Rolet (left) and Donald Brydon (second from left) ring the opening bell at the LSE Photo: Getty Images

The London Stock Exchange Group has set the date for a showdown with an activist investor calling for the resignation of its chairman, in the latest stage of a power struggle engulfing a company that is an emblem of the City of London.

Standing by the board's decision to call an end to Xavier Rolet's eight and a half years as chief executive, the LSE said that removing chairman Donald Brydon would be "destabilising", as well as "detrimental" to choosing a new CEO.

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