Thereafter the plan is to make one of the CEOs a non-­executive chairman and the other the lead CEO for the whole group. In the spirit of what has been dubbed a ‘merger of equals’, the combined...

Thereafter the plan is to make one of the CEOs a non-­executive chairman and the other the lead CEO for the whole group. In the spirit of what has been dubbed a ‘merger of equals’, the combined business will operate through a 16‑person single-­tier board, comprising the two CEOs and seven non-­executive directors drawn from each part of the merged enterprise.