CME Group CEO to retire at end of 2012
CHICAGO, March 12
CHICAGO, March 12 (Reuters) - CME Group Inc said its chief executive officer Craig Donohue will step down at year end, when his contract expires.
He will be replaced by current president Phupinder Gill, the exchange operator said. Executive Chairman Terrence Duffy will take on the additional role of president, the company said.
Donohue has run the CME since 2004, steering the owner of the Chicago Mercantile Exchange through the acquisitions of its two largest rivals -- the Chicago Board of Trade and the New York Mercantile Exchange -- and a global expansion that saw the establishment of a London-based clearinghouse.
Donohue, who has worked at CME for 23 years, called his decision "bittersweet," and added that he is "ready to explore new challenges."
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- Attack on parliament, killing of soldier stun Canada's capital |
- A Minute With: Shailene Woodley on teen sex, violence and Marvel