CME Group finalizes CFO retirement, new severance plan for U.S. employees
CME GROUP INC.
John W. Pietrowicz to retire as CFO effective 4/1/23; stays as Special Advisor through 12/31/23 with $600K base salary, 100% bonus target, 300% equity target.
New severance plan replaces prior plans; provides 2 weeks pay per year of service, min 4 weeks, max 38 (performance) or 52 (position elimination) weeks.
Severance eligibility requires release of claims; bonus in lieu available for non-performance RIF terminations after 6 months of work.
Plan effective 3/7/23 and covers U.S. employees of Chicago Mercantile Exchange, NYMEX, and NEX Services North America LLC.
Compensation Committee of Board serves as Plan Administrator with full discretionary authority over eligibility and benefits.
On February 28, 2023, CME Group Inc. (“CME Group” or the “Company”) filed a Current Report on Form 8-K announcing that John W. Pietrowicz will retire from his position as Chief Financial Officer and Ms. Fitzpatrick will assume the role effective as of April 1, 2023.
On February 28, 2023, CME Group Inc. (“CME Group” or the “Company”) filed a Current Report on Form 8-K announcing that John W. Pietrowicz will retire from his position as Chief Financial Officer and Ms. Fitzpatrick will assume the role effective as of April 1, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
John W. Pietrowicz departed as Chief Financial Officer at CME GROUP INC..
Action
retire
Role
Chief Financial Officer
Exact text from the filing
On February 28, 2023, CME Group Inc. (“CME Group” or the “Company”) filed a Current Report on Form 8-K announcing that John W. Pietrowicz will retire from his position as Chief Financial Officer and Ms. Fitzpatrick will assume the role effective as of April 1, 2023.
Ms. Fitzpatrick was appointed as Chief Financial Officer at CME GROUP INC..
Action
appointed
Role
Chief Financial Officer
Exact text from the filing
On February 28, 2023, CME Group Inc. (“CME Group” or the “Company”) filed a Current Report on Form 8-K announcing that John W. Pietrowicz will retire from his position as Chief Financial Officer and Ms. Fitzpatrick will assume the role effective as of April 1, 2023.
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.