CME Group CEO Terry Duffy to transition to Executive Chairman in March 2027; President & CFO Lynne Fitzpatrick named CEO
CME GROUP INC.
Terrence A. Duffy will become Executive Chairman effective March 1, 2027 (or later when 2026 10-K is filed); he remains CEO until then.
Lynne C. Fitzpatrick, currently President and CFO, will succeed Duffy as CEO and join the Board on the transition date.
Fitzpatrick's CEO compensation: $1.2M base salary; annual bonus target 200% of base; LTI target 700% of base.
Company will conduct a search for a successor to Fitzpatrick as CFO.
Duffy's transition agreement provides continued base salary, bonus and equity vesting at target through his Executive Chairman term ending Dec 31, 2027.
Ms. Fitzpatrick will continue to serve as the Company’s President and Chief Financial Officer through the Transition Date and will then assume the role of Chief Executive Officer and be appointed to the Board and its Executive Committee on the Transition Date.
Terrence A. Duffy, the Company’s current Chairman and Chief Executive Officer, will become the Company’s Executive Chairman
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Lynne C. Fitzpatrick was appointed as Director at CME GROUP INC..
Action
appointed
Role
Director
Exact text from the filing
Ms. Fitzpatrick will continue to serve as the Company’s President and Chief Financial Officer through the Transition Date and will then assume the role of Chief Executive Officer and be appointed to the Board and its Executive Committee on the Transition Date.
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