CHICAGO - The CME Group, a leading derivatives marketplace, has announced that Terry Duffy will maintain his leadership roles as Chairman and CEO through December 31, 2025. This decision, ratified by the company's board, reflects a strong endorsement of Duffy's stewardship and the strategic direction he has set for the organization.
Duffy has been at the helm of CME Group since 2016 and has played a pivotal role in its growth and development. Duffy's tenure extension is seen as a move to ensure continuity in executing CME Group's (NASDAQ:CME) strategic plans.
Under Duffy's guidance, CME Group has expanded its financial product offerings, notably in the digital asset space. Earlier this year, in March 2023, following Sean Tully's retirement, Tim McCourt stepped up as Senior Managing Director to oversee financial products, including cryptocurrency markets. McCourt introduced euro-denominated crypto contracts for bitcoin (BTC) and ether (ETH), broadening the company's suite of digital asset offerings.
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