Duncan Niederauer, CEO of NYSE Group and co-president of ICE, will retire from the company in August 2014, and he will be succeeded by Thomas Farley, the COO of the NYSE and former ICE Futures U.S. president, who will take the title of president of NYSE Group, effective immediately.
Niederauer will continue to serve as president of ICE through August. He has served as CEO of NYSE Euronext from 2007 through late 2013, when the acquisition by ICE was completed.
“It has been a privilege to lead this great, iconic organization, and I am very proud of all that we accomplished during my time at NYSE Euronext,” says Niederauer. “Thanks to the extraordinary dedication and commitment of my colleagues, we strengthened the NYSE’s role as world’s premier venue for raising capital, and ensured that the NYSE is better positioned to compete in today’s complex and evolving global marketplace…The transition to ICE ownership has gone smoothly, and with our integration well on track, accelerating the final stages of my transition will only extend that progress and provide clarity on future leadership.”
“Duncan’s vision for advancing the NYSE saw the exchange through extraordinary change and positioned it for success on a global scale. And his ability to advance our team’s integration activities has put us well on track to achieving our stated operational and financial objectives as a combined company. On behalf of our Board, we are grateful for his leadership throughout this transition and we want to recognize his tireless efforts throughout his tenure,” says ICE Chairman and CEO Jeffrey Sprecher.
Read Global Custodian’s profile of Niederauer’s successor, Thomas Farley, from the Winter 2013 issue.
NYSE CEO Set to Retire in August
Duncan Niederauer, CEO of NYSE Group and co-president of ICE, will retire from the company in August 2014, and he will be succeeded by Thomas Farley, the COO of the NYSE and former ICE Futures U.S. president, who will take the title of president of NYSE Group, effective immediately.
« GC Friday Interview: Virginie O'Shea, Senior Analyst, Aite Group, on the Renminbi's Internationalization