City Of London
LME Chair Huey Evans to Step Down in Wake of Nickel Crisis
- Most senior departure since nickel short squeeze last March
- Exchange faces lawsuits and regulatory reviews into its role
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London Metal Exchange Chairman Gay Huey Evans is stepping down as the exchange continues to grapple with the fallout from the crisis in its nickel market last year.
Huey Evans will not seek re-election and will step down once a new chair has been appointed, the exchange said in a statement, without giving a reason for her departure. She will continue to support the board and the executive during the transition, after which she will become a senior adviser to the commodities business of LME owner Hong Kong Exchanges & Clearing Ltd.