Uggla founded Markit in 2003 and was chief executive at the firm prior to its merger with IHS in 2016, when he was named president. The appointment follows the departure of previous chairman and chief executive Jerre Stead, who retired last month.

The company has also appointed Lord Browne of Madingley (John Browne) and Nicoletta Giadrossi to its board of directors.

Lord Browne was group chief executive at BP from 1995 until his retirement in 2007 and has since been joint head of the renewable energy practice and managing partner of the London office of private equity partnership Riverstone.

Giadrossi’s experience includes leadership roles at General Electric, engineering company Technip, Aker Solutions and Dresser Rand. She has been a senior advisor with Bain Capital Partners in Europe since 2015.

Commenting on the addition of Lord Browne and Giadrossi to the board, 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.”