CME Group, the world’s leading derivatives marketplace, announced key leadership changes today, including the extension of Terry Duffy’s contract as Chairman and Chief Executive Officer (CEO) through December 31, 2026. The company also revealed several promotions and a leadership transition in its executive team.
Lynne Fitzpatrick, who has served as CFO since 2023, will now take on the expanded role of President and Chief Financial Officer. Meanwhile, Julie Holzrichter, the company’s current Chief Operating Officer (COO), will step down from her role to become an advisor to CME Group. Suzanne Sprague, previously Senior Managing Director and Global Head of Clearing and Post-Trade Services, will succeed Holzrichter as COO and Global Head of Clearing.
Duffy expressed gratitude for Holzrichter’s longstanding contributions, noting, “Julie has been a valued colleague and a key leader throughout her career. Her efforts have significantly contributed to the global growth of our business.” Duffy worked closely with Holzrichter for over 30 years and praised her role in the company’s transformation, including overseeing the transition from open outcry to electronic trading and leading key mergers with the Chicago Board of Trade, NYMEX, and NEX.
Holzrichter, who has been with CME Group for over three decades, reflected on her tenure, saying, “It has been my greatest honor to work with so many talented colleagues and clients during my career. I am proud to have been part of CME Group’s dynamic growth and the broader evolution of the industry.”
Fitzpatrick, who joined CME Group in 2006, brings a wealth of experience to her new role, having previously served in leadership positions across the company’s finance organization. She holds a degree in economics from Brown University and an MBA from the University of Chicago Booth School of Business.
Sprague, who joined CME Group in 2002, has been with the company for more than two decades, holding leadership roles in financial and risk management. She earned a bachelor’s degree in finance and international business from Indiana University and a master’s in financial markets from the Illinois Institute of Technology.
CME Group, which operates one of the world’s largest central counterparty clearing providers, offers a broad range of global benchmark products in asset classes such as interest rates, equity indexes, foreign exchange, energy, agriculture, and metals. Its platforms include CME Globex, BrokerTec, and EBS, facilitating futures, options, and foreign exchange trading.
This announcement reflects CME Group’s continued commitment to strengthening its leadership team as the company progresses toward its long-term growth objectives.
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