25th Aug 2016 09:10
LONDON (Alliance News) - Commodity trading services provider Ambrian PLC on Thursday said it has appointed former London Metal Exchange Chief Executive Martin Abbott as its interim non-executive chairman.
Last month, the company said its current Chairman Robert Adair was to step down.
On Thursday, Ambrian said it had appointed Abbott to the position on an interim basis, but intends to establish a nominations committee to lead to process to identity a permanent successor to Adair.
Abbott held the chief executive position at industrial metal trading market London Metal Exchange from 2006 until 2013, during the company's USD2.20 billion takeover by the Hong Kong Stock Exchanges & Clearing Group.
Abbott was also editor-in-chief at publishing and events company Metal Bulletin PLC prior to its GBP221.0 million acquisition by publisher Euromoney Institutional Investor PLC.
Shares in Ambrian were untraded on Thursday, having last traded at 3.04 pence.
By Hannah Boland; [email protected]; @Hannaheboland
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