Tullett Prebon Plc.(TLPR.L) announced Thursday that it has appointed John Phizackerley as an executive director and Chief Executive Officer of the company, with effect from 1 September 2014.
Terry Smith will stand down as an executive director and Chief Executive Officer of the Company, on 31 August 2014.
John Phizackerley held a number of senior management positions at Nomura International plc from 2009 to 2013, including Chief Executive Officer EMEA from March 2011 to May 2013. Prior to joining Nomura, John Phizackerley worked for Lehman Brothers from 1986 to 2008 in roles including head of research, co-head of Equities and Chief Administrative Officer EMEA. He started his career as an underground mining engineer with Anglo American Corporation of South Africa.
The company noted that Terry Smith has agreed to maintain his involvement with the Company as a consultant over the next two years, advising the Chairman and Board on matters relating to the management and strategic development of the Company. He will receive a fee, via a personal services company, of 250,000 pounds per annum for providing the consultancy services.
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