Uggla Named CEO at IHS Markit

London-based information and analytics firm IHS Markit has promoted COO Lance Uggla to Chairman and Chief Executive Officer, following the retirement of Jerre Stead at the end of last year. The firm has also appointed two new directors.

Uggla (pictured) is the founder and former CEO of financial data company Markit, which was merged with energy and environment information giant IHS in 2016 creating a global information platform with 'leading' positions in energy, financial services and transportation. He takes over from Stead, who led the company from 2015 until his departure, having previously held senior roles at Dyadem, Ingram Micro, Legent Corporation, and AT&T, and begun his career at Honeywell. In a statement, Uggla praised Stead as an 'exceptional leader' and acknowledged the great value of spending the past year working with him.

Separately, IHS Markit has appointed Lord Browne of Madingley (John Browne) and Nicoletta Giadrossi as Directors. Browne has been in the energy business for 50 years, having served as BP's group CEO until his retirement in 2007, and he now has a seat on the Board of renewable energy company Pattern Energy Inc. Giadrossi's executive career has spanned 30 years in energy, engineering and capital goods - as a Senior Advisor with Bain Capital Partners in Europe; President, Europe, Africa and India for Technip; and EVP, Head of Operations for Aker Solutions; as well as ten years in several exec positions at General Electric, including General Manager of GE's Oil, Gas, Refinery & Petrochemicals division.

Commenting on the appointments, Uggla said: 'We believe Lord Browne's financial and energy industry expertise will enable him to contribute significant managerial, strategic and financial oversight skills. Similarly, Nicoletta's extensive business experience in the industrial and energy sectors in Europe and her consulting and private equity background bring a unique perspective to the Board. We're delighted to have involvement and guidance from both as we continue to deliver market-leading information and insight solutions to our global customers and sustainable, profitable growth to our shareholders'.

Web site: www.ihsmarkit.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.