- Corporate Governance
- Contact Us
Jeff Sprecher is a founder of IntercontinentalExchange (NYSE: ICE), serving as the company's Chief Executive Officer since May 2000 and as the Chairman of the Board since November 2002. Under Mr. Sprecher’s guidance, ICE expanded into global markets for agriculture, credit default swaps, emissions, energy, equity indexes and foreign exchange, and extended its business into central clearing. Today, ICE operates three regulated futures exchanges, an over-the-counter (OTC) credit market and five clearing houses globally.
As a power plant developer, Mr. Sprecher recognized the need among energy market participants for an accessible, standardized electronic marketplace for OTC energy contracts. He purchased Continental Power Exchange (CPEX) in 1997 to achieve his vision of an efficient market that would bring transparency and capital efficiency to previously opaque and fragmented markets. IntercontinentalExchange was formed in 2000 and the company completed its initial public offering in 2005.
Mr. Sprecher's leadership has been characterized by a focus on innovation, transparency and capital efficiency in the global derivatives markets. He has led numerous strategic initiatives that have enabled ICE to expand from a single asset class — energy — into a broad range of asset classes today. These initiatives have included numerous acquisitions, including the International Petroleum Exchange of London (2001), the New York Board of Trade (2007), Creditex (2008), The Clearing Corporation (2009) and the Climate Exchange (2010). In December of 2012 ICE announced an agreement to acquire market operator NYSE Euronext. Regulatory and shareholder approvals are expected to be finalized in the second half of 2013.
In addition to expanding through acquisitions, Mr. Sprecher has focused ICE's resources on organic growth, including developing the industry's first cleared OTC contracts (2002), building the first new major clearing house in the U.K. in over a century (2008), and launching the world's leading clearing house for credit derivatives (2009).
Mr. Sprecher's leadership has been recognized by Businessweek, Institutional Investor and a number of other industry publications. He was selected as a finalist in Ernst & Young's Entrepreneur of the Year program in 2002 and by MarketWatch as one of five finalists in the "MarketWatch CEO of the Year" program in 2006. Also in 2006, ICE's stock was named the best 1-year performer by The Wall Street Journal, and in 2010 the company was named as the fastest growing company in the Financial Services category by Fortune magazine.
Mr. Sprecher serves on the U.S. Commodity Futures Trading Commission (CFTC) Global Market Advisory Committee and is a member of the Energy Security Leadership Council.
Prior to acquiring CPEX, Mr. Sprecher held a number of positions in the power industry. For 14 years, he served as President of Western Power Group, Inc., a developer, owner and operator of large central-station power plants in California.
Raised in Wisconsin, Mr. Sprecher earned a Bachelor of Science degree in Chemical Engineering from the University of Wisconsin at Madison and a Master of Business Administration from Pepperdine University in Malibu, California.
Mr. Vice has been a leader in the management and application of information technology in the energy industry for nearly two decades. Prior to the formation of ICE in 2000, Mr. Vice was a Director at Continental Power Exchange (CPEX), an electronic spot market for electric power. Before joining the CPEX startup in 1994, he was a Principal at Energy Management Associates, where he provided consulting services to the electric power and natural gas industries. From 1985 to 1988, Mr. Vice was a Systems Analyst with Electronic Data Systems (General Motors) where he designed and marketed management information systems for auto, airline and financial service industry clients.
Mr. Vice earned a Bachelor of Science degree in Mechanical Engineering from the University of Alabama and a Master of Business Administration from the Owen Graduate School of Management at Vanderbilt University.
Prior to joining ICE in 2001, Mr. Goone was Managing Director and Head of Product Development and Sales at the Chicago Mercantile Exchange (CME). Before joining the CME in 1992, Mr. Goone served as a Vice President at Indosuez Carr Futures, where he was instrumental in developing institutional and corporate business. Prior to joining Indosuez, Mr. Goone worked at Chase Manhattan Bank, where he developed and managed the company's exchange-traded foreign currency options operation at the Chicago Mercantile Exchange.
Mr. Goone earned a Bachelor of Science degree in Accountancy from the University of Illinois at Urbana-Champaign.
Prior to joining ICE, Mr. Hill was Assistant Controller for Financial Forecasts and Measurements at IBM, where he oversaw worldwide financial performance and worked with all global business units and geographies. Mr. Hill began his career at IBM and held various accounting and financial positions in the U.S., Europe, and Japan, including Vice President and Controller of IBM Japan, and Assistant Controller, Financial Strategy and Budgets.
A native of Texas, Mr. Hill earned a Bachelor of Business Administration degree from the University of Texas and completed a Master of Business Administration at the Stern School of Business at New York University.
Previous to joining ICE, Mr. Farley was President of SunGard Kiodex, a risk management technology provider to the commodity derivatives markets. Before becoming President of SunGard Kiodex, Mr. Farley served as the business unit's Chief Financial Officer and Chief Operating Officer. Mr. Farley has also held various positions in investment banking at Montgomery Securities and private equity at Gryphon Investors.
Mr. Farley holds a Bachelor of Arts degree in Political Science from Georgetown University and is a Chartered Financial Analyst.
Mr. Marcial has nearly two decades of experience building large-scale information technology systems in the energy industry. Prior to joining ICE, Mr. Marcial was on the software development team at Continental Power Exchange (CPEX), an electronic spot market for electric power. Before joining CPEX in 1996, Mr. Marcial led design and development teams at GE-Harris, building software application for the company's energy management systems.
Mr. Marcial earned a Bachelor of Science degree in Computer Science from the College of Engineering at the University of Florida.
Before joining ICE in June 2004, Mr. Short was a partner at McKenna, Long & Aldridge, where he practiced in the corporate law group. He joined the commercial litigation department of its predecessor firm, Long Aldridge & Norman, in 1991.
Mr. Short holds a law degree from the University Of Florida College Of Law and a Bachelor of Science degree in Accounting from the University of Florida Fisher School of Accounting.
Paul Swann is the President & Managing Director, ICE Clear Europe, the wholly-owned European clearing house of IntercontinentalExchange (NYSE: ICE). Mr. Swann was named to his post at ICE in July, 2007 and was instrumental in the launch of ICE Clear Europe in November, 2008. In his role, Mr. Swann oversees all technology, operations and financial functions at the London-based clearing house. Mr. Swann has over 20 years experience in European derivatives and equities clearing, and prior to joining ICE, he was most recently Managing Director, Group Risk and Managing Director, Change for LCH.Clearnet Ltd. During his tenure at LCH.Clearnet Ltd., Mr. Swann held various leadership positions in technology, operations, and risk management. In those roles, Mr. Swann worked closely with ICE on its energy futures and over-the-counter (OTC) clearing business.
In more than six years at SunGard, Mr. Jackson led the company's $130 million Energy and Commodities business segment as Senior Executive Vice President. Prior to that he served as President of SunGard's Kiodex commodity risk management platform. Before joining SunGard, Mr. Jackson held leadership positions in financial services and consulting at The Bank of New York, Headstrong, KeyCorp and Accenture.
Mr. Jackson earned a Bachelor of Science in Economics degree in from John Carroll University and with supporting undergraduate and graduate level studies at the London School of Economics and Political Science.
Prior to joining ICE in August 2007, Mr. Hammond was Managing Director, Trading Operations at the Chicago Board of Trade (later the CME Group), where he played a leadership role in the successful transition to and ongoing operation of the Common Clearing Link. Before joining CME Group in 2003, Mr. Hammond was Executive Vice President and Chief Operating officer of the Board of Trade Clearing Corporation (BOTCC), where he successfully managed the development and implementation of integrated over-the-counter (OTC) clearing systems while expanding clearing services and functionality for regulated futures contract markets.
Mr. Hammond serves on the Board of Directors for the Financial Services Division and the Chicago Operations Division of the Futures Industry Association and participates in the Chicago Federal Reserve Bank's Working Group on Financial Markets.
Mr. Hammond earned a Bachelor of Science degree in Business Administration from Lewis University in Romeoville, IL.
Mr. Vannan has over two decades of experience in global agricultural markets. Prior to joining ICE, he was Vice President, Merchandising and Transportation Services at Agricore United, where he had responsibility for four major divisions, including grain merchandising, transportation and logistics, specialty crops operations, and grain accounting. Before joining Agricore in 1994, Mr. Vannan was a grain merchant at James Richardson and Sons and a domestic merchant at Pioneer Grain.
Mr. Vannan previously served on the Board of Directors of the Winnipeg Commodity Exchange, which was the predecessor company of ICE Futures Canada. Mr. Vannan earned a Bachelor of Science in Agriculture from the University of Manitoba.
Chris Edmonds is President of ICE Clear Credit, the wholly-owned credit default swap (CDS) clearing house of IntercontinentalExchange (NYSE: ICE). Mr. Edmonds was named to this post in February 2010. As president of ICE Clear Credit, Mr. Edmonds oversees ICE's U.S. credit derivatives clearing operations.
Prior to joining ICE, Mr. Edmonds was Chief Executive Officer of the International Derivatives Exchange Group LLC, (IDCG) a clearing house for interest rate swaps. Prior to IDCG, Mr. Edmonds was the Chief Development Officer for ICAP ENERGY LLC. Mr. Edmonds held a variety of positions at ICAP between 2002 and 2008, and at APB Energy LLC between 1997 and 2002. His professional career prior to APB Energy focused on advising businesses on strategic planning in the areas of technology, sales and marketing and operations.
Mr. Edmonds earned a Bachelor of Arts degree in Political Science from the University of Alabama at Birmingham and is Series 3 and Series 30 licensed.