Energy veteran named LSE chairman

Link: Cruickshank to step down from LSE

He replaces Don Cruickshank, and will take a massive salary cut in his new role.

A former managing director at BP, Gibson-Smith earned a package in the region of £2.8m, but can expect a salary of £250,000 for his two-day-a-week non-executive role.

Prior to his appointment to the LSE, Gibson-Smith was chairman of Nats, the air traffic control service.

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