CME Group CEO Phupinder Gill Retires
Terry Duffy, executive chairman and president of the US futures exchange, will take over as chairman and CEO.
Terry Duffy, the firm's president and executive chairman, will take on the CEO duties. Bryan Durkin, the firm's chief commercial officer, will serve as president of CME Group.
Gill has been with CME Group for 28 years and has served as CEO since 2012. Last year he extended his contract through Dec. 31, 2019.
"It has been my greatest honor to have been a part of the transformation of CME Group," said Gill in a statement. "I am extremely optimistic about the future of the company, due in large part to the unparalleled expertise of our talented employees across the world. I'm proud of all we have been able to achieve together on behalf of our customers and shareholders. It is the right time for me to retire, and I am confident that Terry, Bryan, and the management team, along with the entire staff of CME, will continue to further advance our strategy and lead the company into the future."
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