Energy veteran named LSE chairman
Chris Gibson-Smith, a former executive at British Petroleum, has been named as the new chairman of the London Stock Exchange.
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.