LSE axes comms chief

The London Stock Exchange has made its comms chief Paul Kafka redundant.

Kafka, who holds the post of director of corporate comms, will leave within three months as the LSE restructures its comms. It is merging its regulatory, marketing and media relations teams to help meet its pledge of making ‘efficiency savings of £7m in financial year 2007’.

‘Paul is involved in both regulatory affairs and marketing,’ said LSE director of media relations John Wallace. ‘As a result of the restructure, the same job simply isn’t there for Paul any more.’

Kafka’s responsibilities will be split between head of regulatory strategy Adam Kingsley, who now becomes director of regulation and a soon-to-be appointed marketing director.

Kafka said he was ‘considering other opportunities.’

He joined the LSE in May 2004, before which he was executive director of corporate comms at Fidelity Investments and director of corporate comms at Numura international.

He started his career in 1986 as an account director at Dewe Rogerson.

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