CME Group's Terry Duffy to step down in 2027, CFO Lynne Fitzpatrick to become CEO.
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CME Group's Terry Duffy to step down in 2027, CFO Lynne Fitzpatrick to become CEO. Published Wed, Jun 17 20268:38 AM EDT Updated 39 Min Ago Key Points * CME Group's longtime leader Terry Duffy, 67, will transition to executive chairman effective March 1, 2027. * President and Chief Financial Officer Lynne Fitzpatrick will succeed him as CEO. CME Group's longtime leader Terry Duffy will step down as chief executive officer next year, succeeded by President and Chief Financial Officer Lynne Fitzpatrick. Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Wednesday. It marks a more than two-decade run that transformed the Chicago-based exchange operator into one of the world's largest derivatives marketplaces. "Leading CME Group through more than 25 years of transformative growth has been among the highest honors of my life," said Duffy in a statement. Since becoming chairman in 2002, Duffy has overseen CME's transformation from a floor-based exchange into a global derivatives powerhouse. He led the company's IPO, its shift to electronic trading and industry-defining acquisitions, including the 2007 merger with the Chicago Board of Trade and the 2008 purchase of the New York Mercantile Exchange. Duffy also guided CME through the financial crisis, the collapse of broker-dealer MF Global and sweeping changes in market structure. More...
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