Institutional broker StoneX Group Inc (NASDAQ:SNEX) has announced a series of changes to its executive management team, which will see the departure of the head of its retail brokerage division, as well as a new CEO for the overall company.
The changes at StoneX include:
- Sean O’Connor, StoneX’s current Chief Executive Officer, will become Executive Vice-Chairman of the Board of Directors – he has been CEO of StoneX since 2003;
- Philip Smith (pictured above), currently a member of StoneX’s executive committee responsible for the Commercial and Payments business segments, will become Group Chief Executive Officer;
- Charles Lyon, currently a member of StoneX’s executive committee responsible for the Institutional business segment, will become Group President; and
- Glenn Stevens, CEO of the company’s Gain Retail Division, will be leaving the company.
The company didn’t indicate…
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