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London bourse begins search to replace CEO

DATE: 27/10/2008
STORY TOOLS

Clara Furse, CEO of the London Stock Exchange, listens to questions at a news conference at the London Stock Exchange in central London, February 23, 2007. REUTERS/Toby Melville

London Stock Exchange Group has hired a recruiting firm to find a successor to its long-time chief executive, Clara Furse, media reported.

Citing people close to the exchange operator, the Sunday Telegraph said Chris Gibson-Smith, the company's president, has discussed the move with Furse and other board members, but that no formal timetable has been agreed.

Furse, who has been with the LSE for eight years, will likely remain on until the end of 2009, and no list of candidates exists, Bloomberg reported, citing a person familiar with the matter.

(Reporting by Jonathan Spicer; Editing by Phil Berlowitz)

NEW YORK (Reuters)

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