CME Group announced that its Board of Directors has extended Chairman and Chief Executive Officer Terry Duffy's contract through December 31, 2026. This extension ensures leadership continuity for the world's leading derivatives marketplace. Duffy has been instrumental in the company's growth and strategic direction.
In conjunction with this, Lynne Fitzpatrick, who has been CFO since 2023, will take on the expanded role of President and Chief Financial Officer. Additionally, Suzanne Sprague will succeed Julie Holzrichter as Chief Operating Officer and Global Head of Clearing, as Holzrichter transitions to an advisory role. These promotions strengthen the executive management team.
These leadership changes are designed to ensure a seamless transition and continued operational excellence as CME Group moves forward. The appointments of Fitzpatrick and Sprague to expanded roles highlight the company's deep talent pool. This strategic restructuring supports the company's ongoing initiatives and long-term objectives.
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