London Stock Exchange appoints Anna Manz as Chief Financial Officer
Anna Manz will join as Chief Financial Officer and a member of the Board of LSEG plc on November 21, 2020.
London Stock Exchange Group (LSEG) announces today that Anna Manz will join as Chief Financial Officer and a member of the Board of LSEG plc, effective November 21, 2020.
Ms Manz will be reporting to David Schwimmer, CEO, LSEG. She succeeds David Warren who announced in October 2019 his intention to retire from the Group and to step down from the Board by the end of 2020. David Warren will step down as Chief Financial Officer and Executive Director when Anna Manz starts, remaining with the Group until his retirement date of June 24, 2021 to ensure a seamless transition.
Anna Manz is currently CFO and Executive Director of Johnson Matthey plc, leading the Finance, Procurement and IT functions. Prior to that role, she spent 17 years at Diageo plc in a number of senior finance roles and most recently as Chief Strategy Officer and a member of the Executive Committee. She serves as a Non-Executive Director at ITV plc.
As CFO of LSEG, Anna Manz will receive a salary of £650,000. She will receive a pension allowance of 10% of salary in line with the wider workforce in the UK, and other benefits in line with Remuneration Policy. She will be eligible to participate in the Group’s existing annual bonus plan with a target of 100% of salary; in line with LSEG’s Remuneration Policy this has a maximum opportunity of 200% of salary, with 50% of any bonus deferred into shares for a period of 3 years.
She will receive a 2021 LTIP grant of 300% of salary, which will only vest based on performance over a 3 year period as assessed by the Remuneration Committee against published performance measures (currently EPS and relative TSR). The award will also be subject to a 2 year post-vesting holding period, resulting in a total 5 year holding period from the date of LTIP grant. The share ownership requirement will be 300% of salary and there is a formal post-employment shareholding requirement, for 2 years after departure.
Ms Manz will also be granted awards to compensate for remuneration forfeited from Johnson Matthey.