CME Names Lynne Fitzpatrick First Female CEO as Terry Duffy Steps Down on March 1

CME Group announced on Wednesday that Terry Duffy will step down as chief executive and transition to executive chairman on March 1, with Lynne Fitzpatrick becoming the company's first female CEO. Fitzpatrick joined CME in 2006 and has held senior finance roles, including chief financial officer since 2023 and president and CFO since 2024. She will join CME's board upon her CEO appointment. CME shares fell nearly 5% following the announcement, reflecting investor caution around the transition timing amid competitive pressures from perpetual futures and prediction markets.
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