Board levelexperience
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TIM WRIGHT Specific Board level experience Tel: +44 (0)1480 860496 (H) +44 (0)7901 513907 (M) Email: [email protected] 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
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Transcript of Board levelexperience
TIM WRIGHT
Specific Board level experience
Tel: +44 (0)1480 860496 (H) +44 (0)7901 513907 (M)Email: [email protected]
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.
