Markets

LSE’s French boss Xavier Rolet says it’s time to go. But why?

Vocal Brexit critic will leave bourse by end of next year after a hugely successful decade at the helm

The London Stock Exchange would like everyone to know it will choose a successor to the chief executive, Xavier Rolet, in a smooth and orderly manner and, since the boss’s last lap of the track could extend until the end of next year, there will be “many opportunities” to celebrate his “remarkable achievements”. It’s nice to know there’ll be a knees-up, but it would be more useful to hear why Rolet has chosen to go.

Neither the company nor the man himself bothered to explain. We’re just supposed to assume that, with a decade or so on the clock, nothing could be more natural than quitting at the age of only 57. But, if a decade-and-out is somehow an unwritten rule for FTSE bosses, nobody has told Simon Wolfson (16 years at Next), Willie Walsh (12 at British Airways and parent IAG), let alone Sir Martin Sorrell (31 at WPP).

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