CME Group Announces Employment Agreement Extension for Chairman and Chief Executive Officer Terry Duffy
CME Group announced key leadership changes, including the extension of Chairman and CEO Terry Duffy's contract through December 31, 2026. Lynne Fitzpatrick has been promoted to President and Chief Financial Officer, while Chief Operating Officer Julie Holzrichter will step down to serve as an advisor. Suzanne Sprague will succeed Holzrichter as Chief Operating Officer and Global Head of Clearing. Holzrichter, with over 30 years of service, played a important role in the company's transition from open outcry to electronic trading and led operational integrations of major mergers.
CME Group ha annunciato importanti cambiamenti di leadership, inclusa l'estensione del contratto del Presidente e CEO Terry Duffy fino al 31 dicembre 2026. Lynne Fitzpatrick è stata promossa a Presidente e Direttore Finanziario, mentre la Chief Operating Officer Julie Holzrichter si dimetterà per assumere il ruolo di consulente. Suzanne Sprague succederà a Holzrichter come Chief Operating Officer e Responsabile Globale delle Operazioni di Clearing. Holzrichter, con oltre 30 anni di servizio, ha svolto un ruolo cruciale nella transizione dell'azienda dal trading a viva voce al trading elettronico e ha guidato le integrazioni operative di importanti fusioni.
CME Group anunció cambios clave en el liderazgo, incluida la extensión del contrato del Presidente y CEO Terry Duffy hasta el 31 de diciembre de 2026. Lynne Fitzpatrick ha sido ascendida a Presidenta y Directora Financiera, mientras que la Directora de Operaciones Julie Holzrichter dejará su puesto para actuar como asesora. Suzanne Sprague sucederá a Holzrichter como Directora de Operaciones y Jefa Global de Clearing. Holzrichter, con más de 30 años de servicio, desempeñó un papel importante en la transición de la empresa del comercio en cartelera al comercio electrónico y lideró las integraciones operativas de importantes fusiones.
CME 그룹은 의장 및 CEO 테리 더피의 계약을 2026년 12월 31일까지 연장하는 등 주요 리더십 변화를 발표했습니다. 린 피츠패트릭이 사장 겸 최고 재무 책임자로 승진하였고, 운영 책임자 줄리 홀츠리흐터는 고문 역할을 위해 사임할 예정입니다. 수잔 스프레그가 홀츠리흐터를 이어 운영 책임자 및 글로벌 청산 책임자로 취임합니다. 홀츠리흐터는 30년 이상의 경력을 보유하고 있으며, 회사가 공개 경매에서 전자 거래로 전환하는 데 중요한 역할을 했으며, 주요 인수 합병의 운영 통합을 이끌었습니다.
CME Group a annoncé d'importants changements de direction, y compris la prolongation du contrat du Président et CEO Terry Duffy jusqu'au 31 décembre 2026. Lynne Fitzpatrick a été promue Président et Directeur Financier, tandis que la Directrice des Opérations Julie Holzrichter va démissionner pour servir en tant que conseillère. Suzanne Sprague succédera à Holzrichter en tant que Directrice des Opérations et Responsable Mondiale du Clearing. Holzrichter, qui a plus de 30 ans de service, a joué un rôle important dans la transition de l'entreprise du trading à la criée vers le trading électronique et a dirigé les intégrations opérationnelles de grandes fusions.
CME Group gab wichtige Änderungen in der Unternehmensführung bekannt, darunter die Verlängerung des Vertrages von Chairman und CEO Terry Duffy bis zum 31. Dezember 2026. Lynne Fitzpatrick wurde zur Präsidentin und Finanzvorständin befördert, während die Chief Operating Officer Julie Holzrichter zurücktreten wird, um als Beraterin tätig zu sein. Suzanne Sprague wird Holzrichter als Chief Operating Officer und globale Leiterin der Clearing-Abteilung nachfolgen. Holzrichter, die über 30 Jahre im Unternehmen tätig war, spielte eine wichtige Rolle beim Übergang des Unternehmens vom offenen Handel zum elektronischen Handel und leitete die operativen Integrationen wichtiger Fusionen.
- Contract extension of successful CEO Terry Duffy ensures leadership continuity
- Smooth internal succession plan with experienced executives taking new roles
- Retention of Julie Holzrichter's expertise in advisory capacity
- None.
Insights
The leadership changes at CME Group represent a significant organizational restructuring while maintaining stability at the top. The extension of Terry Duffy's contract through 2026 signals continuity in strategic direction, while the promotion of Lynne Fitzpatrick to President & CFO indicates internal succession planning. The transition of Julie Holzrichter to an advisory role, after overseeing critical technological transformations, appears well-managed with Suzanne Sprague's appointment.
These changes demonstrate CME's focus on internal talent development, with both promoted executives having extensive experience within the company. Fitzpatrick's expanded role combines financial oversight with broader operational responsibilities, while Sprague's background in clearing and risk management is particularly relevant for a derivatives exchange.
- 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
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
"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
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
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SOURCE CME Group
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