Intercontinental Exchange Names Stacey Cunningham as New President of NYSE Group
Cunningham Succeeds Thomas Farley as head of the New York Stock
Exchange
John Tuttle promoted to Chief Operating Officer of NYSE Group
NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, announced today that Stacey Cunningham will become President
of NYSE Group, succeeding Thomas Farley, who has served in that role
since 2014. Cunningham, currently the Chief Operating Officer of NYSE
Group, began her career as a floor clerk on the NYSE trading floor in
1996 and will now become the 67th President of the New York
Stock Exchange in its 226-year history.
As Cunningham ascends to her new role, John Tuttle, currently the NYSE’s
Global Head of Listings will become Chief Operating Officer of NYSE
Group. Tuttle, who joined the NYSE in 2007, will lead NYSE’s Global
Listings, Capital Markets, and Exchange Traded Products businesses.
The promotions of Cunningham and Tuttle are effective as of May 25.
“As our COO, Stacey Cunningham successfully managed our equities,
equities derivatives and ETF businesses, distinguishing herself as a
customer-focused leader who is respected across our industry,” said Jeff
Sprecher, Chairman and CEO of Intercontinental Exchange and Chairman of
NYSE Group and the New York Stock Exchange. “More than a half century
after Muriel Siebert became the first woman to own a seat on the NYSE,
Stacey represents a new generation of leadership for the NYSE Group. I’m
confident that Stacey, who started as a summer intern on the NYSE floor
in 1994, will continue to propel this vital institution forward. Stacey
and our team are steadfastly committed to ensuring that the U.S. remains
the center of world’s capital markets.”
“John Tuttle’s track record at the NYSE over the past decade has helped
drive continuous growth for our business since he joined the Exchange,”
said Sprecher. “John drives results, clearly demonstrated by the
resurgence of our IPO leadership, his strong relationships, and his
record of delivering on the NYSE’s commitments. By centralizing our
corporate listings and exchange-traded products under John, we will
enhance the NYSE issuer network and provide an unparalleled level of
service for our community.”
Thomas Farley joined ICE in 2007 as President and COO of ICE Futures
U.S., formerly the New York Board of Trade, and joined the NYSE in 2013
when ICE acquired NYSE Euronext. He leaves the NYSE with an impressive
track record of continuous growth and headline-making IPOs as President
of the NYSE Group. When he leaves the Exchange, Farley will become the
chief executive officer of a special purpose acquisition company.
“I have had the honor of standing at the NYSE Bell Podium with hundreds
of inspiring entrepreneurs during my years as the NYSE’s President and I
am now thrilled to join their ranks by building on an idea and starting
something from scratch,” Tom Farley said. “With enormous gratitude to
Jeff for the tremendous opportunity he has given me to lead the NYSE and
work with our customers and management team, I am eager to build a new
company and to watch with pride as Stacey, John, and this world-class
management team takes the NYSE to new heights.”
“Tom Farley’s contribution to our growth has been extraordinary, having
transformed and integrated our exchange acquisitions in New York,
including the NYSE and New York Board of Trade,” said Sprecher. “Tom is
a valued colleague, leader and confidant, and our management team looks
forward to supporting him in his new venture. Having partnered with Tom
to build an exceptional NYSE team, advance our listings leadership, and
rebuild our technology systems, I’m extremely confident that Stacey and
John will continue to grow the NYSE as the world’s leading equity
marketplace.”
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a
leading operator of global exchanges and clearing houses, and a provider
of data and listings services. NYSE Group’s equity exchanges -- the New
York Stock Exchange, NYSE American and NYSE Arca -- trade more U.S.
equity volume than any other exchange group. The NYSE is the premier
global venue for capital raising, leading worldwide in IPOs, including
technology IPOs. NYSE Arca Options and NYSE Amex Options are leading
equity options exchanges. To learn more, visit www.nyse.com/index.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and Fortune
Future 50 company formed in the year 2000 to modernize markets. ICE
serves customers by operating the exchanges, clearing houses and
information services they rely upon to invest, trade and manage risk
across global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs across
virtually all asset classes. ICE is the parent company of the New York
Stock Exchange, which has helped companies raise more capital than any
other exchange in the world, driving economic growth and transforming
markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading “Key
information Documents (KIDS)”.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statement in this press release regarding ICE's business that
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20180522005456/en/
Media Contacts:
Josh King
josh.king@theice.com
Phone:
212.656.2490
Source: Intercontinental Exchange