CME Group Extends Employment Agreement for Chairman & Chief Executive Officer Terry Duffy through 2025

Rhea-AI Summary

CME Group (CME) extends Chairman and CEO Terry Duffy's tenure through December 31, 2025. The Board approved an amended contract agreement, citing his skillful leadership and unparalleled knowledge of the business. Duffy, a 40-plus year futures industry veteran, has been in his current role since 2016.

CHICAGO, Dec. 6, 2023 /PRNewswire/ -- CME Group today announced that it will extend Chairman and Chief Executive Officer Terry Duffy's tenure through December 31, 2025, in an amended contract agreement the Board approved today. 

"Given his skillful leadership and unparalleled knowledge of our business, Terry is uniquely qualified to continue transforming our company for future success, while ensuring we maintain a strategic focus on generating new growth, delivering long-term value, and developing the next leaders of our organization," said Lead Independent Board Director Dennis A. Suskind. "The Board has determined retaining Terry in his current role at the helm of CME Group for another year is in the best interest of our company and shareholders. We are extremely pleased he has agreed to continue serving as Chairman and Chief Executive Officer through December 2025."

A 40-plus year futures industry veteran, Duffy, 65, has served in his current role since 2016. Prior to that he was Executive Chairman and President of CME Group since 2012, Executive Chairman since 2006, and Chairman since 2002. 

About CME Group

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 and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. 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.

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SOURCE CME Group

FAQ

Who is the Chairman and CEO of CME Group?

Terry Duffy is the Chairman and CEO of CME Group.

What is the ticker symbol for CME Group?

The ticker symbol for CME Group is CME.

How long has Terry Duffy been in his current role?

Terry Duffy has been in his current role since 2016.

When is Terry Duffy's tenure extended until?

Terry Duffy's tenure is extended through December 31, 2025.