Derivatives marketplace firm CME Group announced a series of leadership changes on Friday, including the extension of Chairman and Chief Executive Officer Terry Duffy’s contract through December 2026.
CME Group Announces Leadership Changes and Extension of CEO’s Contract
The company also revealed it has promoted Chief Financial Officer Lynne Fitzpatrick to the expanded role of President and CFO.
Additionally, Julie Holzrichter, who served as Chief Operating Officer, will step down from her current position and transition to an advisory role. Suzanne Sprague will succeed Holzrichter as both Chief Operating Officer and Global Head of Clearing.
“On behalf of CME Group, I want to congratulate and thank Julie for her many contributions,” said CME Group Chairman and Chief Executive Officer Terry Duffy.
“I am also very pleased to promote both Lynne and Suzanne into expanded roles. We are very fortunate to have built such a strong, capable management team that will ensure a seamless transition as our company continues to move forward.”
He also praised outgoing COO Julie Holzrichter for her three decades of service and instrumental leadership in guiding the company’s growth and technological advancements.
Fitzpatrick, a 20-year veteran of the company, has held various leadership positions within the finance organisation and brings extensive experience to her expanded role. Sprague, with over 20 years of experience at CME Group, has held leadership roles in financial and risk management, most recently leading the company’s clearing and post-trade services.
