CME Names Lynne Fitzpatrick CEO, First Woman to Lead $95 Billion Exchange
Updated
Updated · Reuters · Jun 17
CME Names Lynne Fitzpatrick CEO, First Woman to Lead $95 Billion Exchange
3 articles · Updated · Reuters · Jun 17
Summary
Lynne Fitzpatrick will become CEO on March 1, 2027, succeeding Terry Duffy and joining CME Group’s board as the derivatives exchange’s first female chief executive.
CME shares fell 4% after the transition was announced, even as analysts said the handover was not a complete surprise and voiced confidence in Fitzpatrick, the current president and CFO.
Duffy will move to executive chairman after more than 25 years leading CME, a tenure that included its 2002 IPO, the shift to electronic trading, and the CBOT and NYMEX acquisitions.
Since Duffy became chairman in 2002, CME stock has gained more than 8,000% and the company has grown into a $95 billion global derivatives powerhouse trading 28.1 million contracts a day last year.
Fitzpatrick takes over as exchange operators push beyond core futures trading into data, software and newer products such as prediction markets to diversify revenue.