BACK
02 August 2006
 Martin Abbott is to be the new chief executive of the LME from 2 October 2006.
He joins the LME from Metal Bulletin Plc where he was, most recently the president and publisher of AMM LLC and publisher and editor-in-chief, metals, minerals and mining division. His earlier career includes a period of work within the LME and direct experience within two metals trading organisations.
There will be an orderly succession. Simon Heale will leave the Exchange in accordance with his previously advised plans.
On announcing the appointment, Donald Brydon, chairman of the Exchange said:
“I am delighted that Martin Abbott is to become chief executive of the LME.
“Martin’s experience encompasses practical involvement in the metals industry and an in-depth grasp of sophisticated business and management. He also brings many already established relationships with key participants of the LME community and the wider exchange landscape.
“The exchange landscape is fast changing and leading the LME during a period of such change, while ensuring its continued success, is vital.
“His appointment was made from a very strong field of candidates and is the result of a unanimous decision by the nominations committee, in accordance with a clearly defined process.”
Commenting on his appointment, Mr Abbott said:
“The LME enjoys the privilege on being the world’s foremost metals exchange. In recent years it has also come to be associated with the innovative introduction of new contracts, such as plastics and in the future, steel. Extending and honing this dynamic impetus is very important.
“I already have spent 22 years in and around this industry and I am looking forward to building on current relationships and to quickly forging new relationships for the benefit of the LME.”
Press enquiries to: Anna Campopiano + 44 20 7264 5689
Notes for Editors
- Martin Abbott will assume the role of chief executive on 2 October 2006 in succession to Simon Heale who is leaving the Exchange.
- Simon Heale became chief executive on 2 July 2001, while originally trained as a chartered accountant, he has spent most of his career in senior management positions outside the UK and joined the LME from Jardine Fleming Ltd, Hong Kong.
- Martin Abbott will withdraw from all editorial involvement at Metal Bulletin and AMM with immediate effect.
Biographical Notes – Martin Abbott
Born in 1960
Education and Qualifications
1981 Leicester University LLB (Hons) 2:ii
Career Summary
2001 to date Metal Bulletin PLC
President and Publisher AMM LLC
Publisher and Editor-in-Chief, Metals, Minerals and Mining Division
1998-2000 Amalgamated Metal Trading Inc
President
1996-1997 Sogemin Metals Inc
President
1993-1996 Sogemin Metals
Associate Director
1990-1993 London Metal Exchange
Director of Marketing
1988-1990 McGraw Hill
Editor-in-Chief, Metals, Europe
1984-1988 Metal Bulletin Plc
Joint Editor
1982-1984 Thomson Publications
Advertising Sales, trainee reporter
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