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London Metal Exchange appoints directors and business manager

The London Metal Exchange has announced that Stephen White will be joining as business manager for corporate affairs on 27 April 2009.

White will be responsible for PR and communications for the LME. Before joining the LME, he was a PR & analyst relations manager for Misys and prior to that he worked in several marketing roles.

In addition, Gavin Prentice, managing director and head of commodities at Marex Financial, has been appointed to serve as a ring dealing member representative of LME Holdings, and Stephen Branton-Speak, partner at Goldman Sachs, has been appointed to serve as an associate broker clearing member representative.

Both will also sit as directors on the board of LME.

It has also been announced that Catherine Claydon will join the board of LME as an independent director. From 1992 to 2007 Claydon worked at Goldman Sachs, from 2002 as managing director, pension advisory group and from 2007 to 2008 she held the same position at Lehman Brothers International.

LME chief executive Martin Abbott (pictured) says: 'I am delighted to welcome Gavin Prentice, Stephen Branton-Speak and Catherine Claydon to the boards. They bring a wealth of LME and financial industry knowledge and we are privileged to have such strong interest and participation in the future direction of the Exchange. I look forward to working with them. I would also like to extend my thanks, both personally and on behalf of the LME boards, to Mike Frawley and Philip Culliford for their valuable contribution, service and commitment to the LME.'

At the annual general meeting of LME a resolution was also passed to distribute profits as dividends to those shareholders on the register of members at the close of business on 22 January 2009. The dividend, of 39p per ordinary share, will be paid on 27 April 2009.

Another resolution passed confirmed the appointment of Donald Brydon as chairman for a further two years.

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