- Chief Financial Officer Lynne Fitzpatrick Appointed to
President and CFO
- Chief Operating Officer Julie
Holzrichter to Step Down and Assume Advisory
Role
- Suzanne Sprague to Succeed
Holzrichter
CHICAGO, Nov. 7, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that its Board will extend Chairman
and Chief Executive Officer Terry
Duffy's contract through December 31,
2026.
The company also announced Lynne
Fitzpatrick will take on the expanded role of President and
Chief Financial Officer. Additionally, its Chief Operating Officer
Julie Holzrichter has decided to
step down from her role to begin serving as an advisor to the
company. Suzanne Sprague will
succeed Holzrichter as 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
have worked closely with Julie for more than three decades and,
during that time, she has been a valued colleague, instrumental and
effective leader and, most importantly, a good friend to me and so
many others within our company and industry. Throughout her career,
Julie has made significant contributions to our organization that
have helped us grow our business globally."
"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."
With more than 30 years of service, Holzrichter has held roles
of increasing responsibility, rising through the company's ranks
from market reporter to a senior member of the management team. She
was instrumental in helping the company transition from open outcry
to electronic trading as well as leading operational integrations
resulting from mergers with the Chicago Board of Trade, NYMEX and NEX.
"It has been my greatest honor to work with so many talented and
knowledgeable colleagues and clients during my career at CME
Group," said Holzrichter. "I grew up at this great company and am
proud to have participated in its dynamic growth as well as the
evolution of the broader industry."
Fitzpatrick, who has been CFO since 2023, joined the company in
2006. She previously served as Senior Managing Director &
Deputy Chief Financial Officer, Managing Director of Corporate
Development and Treasurer, and in a number of positions across the
company's finance organization. She earned a bachelor's degree in
economics from Brown University and an
MBA from the University of Chicago
Booth School of Business.
Sprague, who has served as Senior Managing Director and Global
Head of Clearing and Post-Trade Services since 2022, joined CME
Group in 2002. She has served in a range of leadership positions in
financial and risk management since that time, including Managing
Director, Credit & Liquidity Risk, Risk Policy & Banking.
She earned a bachelor's degree with concentrations in finance and
international business from Indiana
University and a master's degree in financial markets from
the Illinois Institute of Technology.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign exchange, energy,
agricultural products and metals. The company offers
futures and options on futures trading through the CME Globex
platform, fixed income trading via BrokerTec and foreign exchange
trading on the EBS platform. In addition, it operates one of
the world's leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group