StoneX Group Inc. (("StoneX", NASDAQ:SNEX) announces changes to its executive management team. At its recently concluded meeting of the StoneX Board of Directors (the "Board"), several changes to StoneX's executive management team were approved. These changes include:
- Sean O'Connor, StoneX's current Chief Executive Officer, will become Executive Vice-Chairman of the Board of Directors;
- Philip Smith, currently a member of StoneX's executive committee responsible for the Commercial and Payments business segments, will become Group Chief Executive Officer; and
- Charles Lyon, currently a member of StoneX's executive committee responsible for the Institutional business segment, will become Group President.
Mr. O'Connor will continue to be an active member of StoneX's executive committee with primary focus on longer-term strategy, capital allocation and M&A activity, and his compensation package has been restructured to reflect a focus on share price appreciation and long-term value creation. Mr. Smith and Mr. Lyon will have general responsibility for managing StoneX's business and will report to Mr. O'Connor.