1. TIM WRIGHT
Specific Board level experience
Tel: +44 (0)1480 860496 (H) +44 (0)7901 513907 (M)
Email: tim.wright10@aol.co.uk
A Senior Executive with substantial experience of working at Board and Executive
Committee level in a regulated FTSE100 company, including Human Resources, Corporate
Governance, Strategic Planning, M&A, Property, Operations and Cost Management.
Gained wide experience working in a regulated industry, including requirements of
FCA/FSA, HMT, AMFL, CONSOB, Bank of England and European Commission.
Areas of Particular Skill, Knowledge and Expertise
− Board membership – Committee member (NED) and member of the Appointments and
Remuneration Committee of The Wine Society, the world’s oldest wine club, owned by its
members and with turnover of c£95m. Committee operates as a full functioning Board,
representing the interests of the members, setting and approving strategy and ensuring
the Society is managed appropriately through the oversight of appropriate controls and a
strong governance structure.
− Remuneration Committee - redesigned reward structures in conjunction with Group
Chairman, Remco Chairman and CEO, aligning them with Group’s performance
objectives, listed status and increasingly international scope. Presentations to institutional
investors and their advisory bodies (ABI, RREV, PIRC), successfully leading to 99%
shareholder approval at AGM vote.
− Nomination Committee - prepared talent analysis and recommendations regarding CEO,
Board and senior executive succession and appointments for consideration by LSEG
Chairman and other NED members of the Nominations Committee, ensuring that the top
team was adequately resourced with the talent to deliver strategic objectives.
− Strategic Planning - directed the development of Group strategic plans for presentation
and approval at Group Board, achieving alignment between NEDs and executive over
Group strategic direction. Gained very positive feedback from Chairman and other NEDs.
− Mergers and Acquisition - assessed acquisition targets and identified and delivered
synergy objectives for the Group’s transformational M&A activity. Worked in various
capacities (HR, due diligence, post completion integration, organisation design and
realisation of synergy targets) on the acquisitions of Borsa Italiana, Millennium IT, FTSE,
Turquoise and LCH.Clearnet. Prepared sections of successful bid defences against
NASDAQ and Macquarie Bank, including identification of c£10m cost savings and
directed the subsequent cost reduction programme, delivering against commitments
made to shareholders.
− Financial Planning - extensive experience including Group wide cost reduction
programmes and the development of the three-year business plan for presentation and
subsequent approval at the Board.
− Property - directed the disposal of the 27 storey London Stock Exchange Tower (1.5 acre
freehold site in the centre of the City) followed by acquisition, fit out and relocation to new
Group HQ in the City. Rationalised the LSEG property portfolio, disposing of unwanted
leasehold sites.
− Pensions - directed pension strategy including early closure of Defined Benefit (DB) Plan
in 1999, switch of 85% of assets into fixed income and buy-out of pensions in payment.
Overlaid bond assets with swap derivatives to achieve greater cashflow matching. This
strategy resulted in assets and liabilities (c£300m) achieving funding balance with low
levels of funding volatility in contrast to the majority of other occupational DB plans.