Bryan Durkin to step down as CME Group’s President
Mr Durkin is set to relinquish the role of President in May 2020.
International derivatives marketplace CME Group Inc (NASDAQ:CME) today announces that Bryan T. Durkin is set to step down as President in May 2020.
At that time, Mr Durkin will commence serving as a special advisor to the company, reporting to CME Group Chairman and Chief Executive Officer Terry Duffy. Additionally, yesterday, the CME Group board of directors recommended that Mr Durkin be slated for election to the company’s board at its May 2020 Annual Meeting of Shareholders.
Mr Durkin commented:
“I am profoundly proud to have served the clients and shareholders of CME Group through a period of tremendous growth. I have been fortunate to play a role in the dynamic expansion of the global derivatives markets and the critical risk management role they play in every economy. It has been my great honor to work with our talented team of employees around the world, and I will continue to work with Terry, the board and our management team to advance our business objectives in this new capacity.”
Mr Durkin, a 37-year veteran of CME Group, previously served as Chief Commercial Officer since 2014 and as Chief Operating Officer since 2007. As part of his responsibilities, he led the global integrations following CME’s merger with the Chicago Board of Trade (CBOT) in 2007 and CME Group’s acquisition of the New York Mercantile Exchange (NYMEX) in 2008.
Prior to joining CME Group, Mr Durkin served as Executive Vice President and Chief Operating Officer of the CBOT. Before that, he was in charge of the CBOT’s Office of Investigations and Audits.
He is a member of the COMEX Governors Committee and the Commodity Futures Trading Commission’s Technology Advisory Committee and Energy and Environmental Markets Advisory Committee. He also serves on the Board of Advisors of Misericordia.
