CVOL - Key Persons
Job Titles:
- Member of the Compensation Committee
- Member of the Risk Committee
Ms. Dutra has served as a member of our board since 2015.
Ms. Dutra served as the CEO of The Executives' Club of Chicago, a world-class senior executives organization focused on the development, innovation and networking of current and future business and community leaders, from 2014 until her retirement in 2018. Prior to that she was a Proxy Officer and CEO of Korn/Ferry Consulting from 2007 until 2013. Ms. Dutra serves as a director of Elkay Manufacturing, Lifespace Communities, Greeley and Hansen, The Committee of 200, Latino Corporate Directors Association, Lurie Children's Hospital of Chicago and Blessings-in-a-Backpack.
Member of the Compensation Committee
Member of the Market Regulation Oversight Committee
Member of the Risk Committee
Mr. Durkin has served as a member of our Board and as an advisor since May 2020.
Mr. Durkin has served as a member of our board and as an advisor to our CEO since May 2020. Formerly, Mr. Durkin served as President of CME Group from 2016, overseeing the company's Technology, Global Operations, International and Data Services businesses. Mr. Durkin previously served as our 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 CBOT in 2007 and CME Group's acquisition of NYMEX in 2008. Before joining CME Group, Mr. Durkin served as Executive Vice President and Chief Operating Officer of the CBOT. Prior to that role, he was in charge of CBOT's Office of Investigations and Audits. His career with both CME Group and CBOT has spanned more than 30 years. He previously served as a member of the COMEX Governors Committee and the CFTC's Technology Advisory Committee and Energy and Environmental Markets Advisory Committee. Mr. Durkin serves on the Board of Advisors for Misericordia and on the Board of Trustees for Lewis University.
Member of the Clearing House Oversight Committee
Job Titles:
- Chairman of the Compensation Committee
- Member of the Executive Committee
- Member of the Finance Committee
- Member of Our Board
Mr. Carey has served as a member of our board since 2007 and served as our Vice Chairman in connection with our merger with CBOT Holdings from 2007 until 2010.
Mr. Carey served as our Vice Chairman from 2007 to 2010 in connection with our merger with CBOT Holdings, Inc. Prior to our merger, Mr. Carey served as Chairman of CBOT since 2003, as Vice Chairman from 2000 to 2002, as First Vice Chairman during 1993 and 1994 and as a board member of CBOT from 1997 to 1999 and from 1990 to 1992. Mr. Carey is a principal in HC Technologies LLC. He has been a member of CBOT since 1978 and was a member of the MidAmerica Commodity Exchange from 1976 to 1978. Mr. Carey previously served on the board of CBOT Holdings, Inc. until our merger in 2007. Mr. Carey serves as Chairman of the CME Group Foundation.
Chair of the Compensation Committee
Member of the Executive Committee
Member of the Finance Committee
Job Titles:
- Chairman of the Audit Committee
- Member of the Executive Committee
- Member of the Risk Committee
Daniel G. Kaye Dennis H. Chookaszian Elizabeth A. Cook Larry G. Gerdes Deborah J. Lucas Terry L. Savage Dennis A. Suskind
Mr. Kaye has served as a member of our Board since May 2019.
Mr. Kaye served as Interim CFO and Treasurer of HealthEast Care System from 2013 to 2014. Prior to joining HealthEast, Mr. Kaye spent 35 years with Ernst & Young LLP, from which he retired in 2012. Throughout his time at Ernst & Young, where he was an audit partner for 25 years, Mr. Kaye enjoyed a track record of increasing leadership and responsibilities, including serving as the New England Managing Partner and the Midwest Managing Partner of Assurance. Mr. Kaye serves on the compensation committee of Alliance Bernstein and on the audit (Chair), finance and risk committees of Equitable Holdings, Inc. (formerly AXA Equitable Holdings). Mr. Kaye is a CPA and National Association of Corporate Directors (NACD) Board Leadership Fellow.
Chair of the Audit Committee
Member of the Executive Committee
Member of the Risk Committee
Job Titles:
- Lead Director
- Member of the Compensation Committee
- Member of the Executive Committee
- Member of the Nominating and Governance Committee
- Member of Our Board
Mr. Glickman has served as a member of our Board since 2001 and as our Lead Director since May 2020.
Mr. Glickman has served as our Lead Director since August 2020, and previously served as our Lead Director from August 2014 to August 2017. Mr. Glickman has served as Chair and Senior Counselor of APCO Worldwide's International Advisory Council, a public relations firm based in Washington, DC, since April 2021. In March 2021, Mr. Glickman became a Senior Adviser to the U.S. Global Leadership Coalition. Mr. Glickman served as Executive Director of the Aspen Institute's Congressional Program from 2011 to March 2021 and as Vice President of the Aspen Institute from 2012 to March 2021. Mr. Glickman also has served as Senior Fellow for the Bipartisan Policy Center since 2010. From 2004 to 2010, Mr. Glickman served as Chairman and CEO of the Motion Picture Association of America, Inc. Mr. Glickman previously served as Director of the Institute of Politics at Harvard University's John F. Kennedy School of Government from 2002 to 2004 and served as Senior Advisor in the law firm of Akin, Gump, Strauss, Hauer & Feld, from 2001 to 2004. He also served as U.S. Secretary of Agriculture from 1995 through 2001 and as a member of the U.S. Congress, representing a district in Kansas, from 1977 through 1995. Mr. Glickman serves as a distinguished Fellow of the Chicago Council on Global Affairs, a member and Founding Chair of the Board of the Foundation for Food and Agriculture Research, established in the 2014 Farm Bill by Congress. Mr. Glickman also serves on a number of non-profit advisory boards with a focus on agriculture and food supply and is an adjunct professor of Food and Nutrition at Tufts University Friedman School of Nutrition.
Member of the Compensation Committee
Member of the Executive Committee
Member of the Nominating and Governance Committee
Job Titles:
- Member of the Audit Committee
- Member of the Finance Committee
- Distinguished Professor of Finance at the MIT Sloan School of Management
Ms. Lucas has served as a member of our board since 2018.
Ms. Lucas has served as the Sloan Distinguished Professor of Finance at the MIT Sloan School of Management since 2011 and as the Director of the MIT Golub Center for Finance and Policy from 2012. Her current research focuses on government financial institutions and financial policy, and she teaches courses on futures and options, and fixed income securities and derivatives. She serves on an advisory board for the Urban Institute. She is a trustee of the NBER pension plans, an associate editor for several academic journals, and a member of the Shadow Open Market Committee and the Financial Economics Roundtable. Previous appointments include assistant and associate director at the Congressional Budget Office; professor at Northwestern University's Kellogg School; chief economist at the Congressional Budget Office, and senior staff economist at the Council of Economic Advisers. She has been an independent director on several corporate and non-profit boards, including the Federal Home Loan Bank of Chicago.
Member of the Audit Committee
Member of the Finance Committee
Member of the Market Regulation Oversight Committee
Job Titles:
- Chairman of the Risk Committee
- Member of the Audit Committee
- Member of the Executive Committee
- Member of the Nominating and Governance Committee
- Retired General Partner of Goldman Sachs & Co
Mr. Suskind has served as a member of our board since 2008.
Mr. Suskind is a retired General Partner of Goldman Sachs & Co. He was an Executive Vice President at J. Aron and Company prior to its acquisition by Goldman Sachs in 1980. He joined J. Aron in 1961. During his tenure in trading, Mr. Suskind served as Vice Chairman of NYMEX, Vice Chairman of COMEX, a member of the board of the Futures Industry Association, a member of the board of International Precious Metals Institute, and a member of the boards of the Gold and Silver Institutes in Washington, DC. Mr. Suskind previously served on the board of NYMEX Holdings, Inc. until our merger in 2008.
Member of the Audit Committee
Member of the Executive Committee
Member of the Market Regulation Oversight Committee
Member of the Nominating and Governance Committee
Chair of the Risk Committee
Job Titles:
- Member of the Audit Committee
- Member of the Finance Committee
- Member of Our Board
Mr. Chookaszian has served as a member of our board since 2004. Mr. Chookaszian served as Chairman of the Financial Accounting Standards Advisory Council from 2007 to 2011.
Mr. Chookaszian served as Chairman of the Financial Accounting Standards Advisory Council from 2007 to 2011. From 1999 until 2001, Mr. Chookaszian served as Chairman and CEO of mPower, Inc., a financial advice provider focused on the online management of 401(k) plans. Mr. Chookaszian served as Chairman and CEO of CNA Insurance Companies from 1992 to 1999. During his 27-year career with CNA, Mr. Chookaszian held several management positions at the business unit and corporate levels, including President and COO from 1990 to 1992 and CFO from 1975 to 1990. Mr. Chookaszian is a registered Certified Public Accountant (CPA).
Job Titles:
- Group 's Senior Managing Director, Global Head of Commodities
- Senior Managing Director, Global Head of Commodities, Options & International Markets
Derek Sammann serves as CME Group's Senior Managing Director, Global Head of Commodities, Options & International Markets.
Derek Sammann serves as CME Group's Senior Managing Director, Global Head of Commodities, Options & International Markets. He is responsible for leading the development, execution and management of CME Group's global Commodities portfolio, including the Energy, Metals and Agricultural business lines. He also globally leads the company's cross-asset class Options business and its growth strategy across international markets. Prior to assuming his current role, Sammann served as Senior Managing Director, Global Head of Commodities & Options Products since 2014. Since joining CME Group in September 2006, Sammann also has served as Senior Managing Director of Interest Rates and FX Products, and as Managing Director, Global Head of Foreign Exchange. Prior to joining CME Group, Sammann acquired more than 16 years of sell-side trading experience in the global FX market, including serving as Managing Director, Global Head of FX Options and Structured Products at Crédit Agricole Corporate & Investment Bank in London. He also held senior level positions with Crédit Agricole Indosuez in London, Banque Indosuez in Paris and Cooper, Neff & Associates in Chicago. Sammann serves as a member of the Board of Directors of the following entities: the Dubai Mercantile Exchange, the COMEX Board of Governors and the Commodities Markets Council, where he also serves as Treasurer. Sammann also serves on the Shanghai Gold Exchange's International Advisory Board, the Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee and the Security Traders Association's Listed Options Committee. He holds bachelor's degrees in both economics and political science from Northwestern University.
Job Titles:
- Member of the Audit Committee
- Member of the Compensation Committee
- Member of Our Board
Ms. Cook has served as a member of our board since 2015 and has been a member of CME since 1983, starting her career in 1978 as a runner for Clayton Brokerage Inc.
Ms. Cook has been a member of CME since 1983, starting her career in 1978 as a runner for Clayton Brokerage Inc. She is a member of the board's compensation and audit committees. Ms. Cook actively participates as co-chair of the CME arbitration and floor conduct committees and serves on the board of the CME Gratuity Fund. In addition, she serves on CME's membership and business conduct committees and continues her involvements as a CME political action committee member. Ms. Cook is the founder and owner of MiCat Group LLC, a firm specializing in option execution services focusing on equities, FX and interest rates. She also serves as president of Lucky Star LLC, a commercial property management company. Ms. Cook is also on the board of Women in Listed Derivatives and Associated Colleges of Illinois. Her external activities include NACD Governance Fellow and completion of its Director Professionalism course, member of Business Executives for National Security, Ambassador of the Navy Seal Foundation, Ambassador for The ALS Association Greater Chicago Chapter and an active supporter of Honor Flight Chicago. Ms. Cook has participated in numerous risk and audit educational programs and as a long-time market participant has significant risk management experience.
Member of the Audit Committee
Member of the Compensation Committee
Job Titles:
- Chief Human Resources Officer
- Piell Has Served As Chief Human Resources Officer of CME Group since August 2007
Job Titles:
- Member of the Executive Committee
- Member of the Risk Committee
Mr. Siegel has served as a member of our board since 2000.
Mr. Siegel has been a member of CME since 1977. In 1978, Mr. Siegel began his trading career at Moccatta Metals in their Class B arbitrage operations and served as an order filler until 1980. From there, he went on to fill orders and trade cattle from 1980 until 1982. At that time, Mr. Siegel became a partner and an officer in a futures commission merchant that cleared at CME until selling his ownership interest in 1990. For more than 30 years, Mr. Siegel has been an independent trader on our CME exchange. He continues to actively trade electronically in our agricultural product suite. Mr. Siegel is the Secretary and Treasurer of the CME Group Foundation. Mr. Siegel chairs our clearing house oversight committee.
Chair of the Clearing House Oversight Committee
Member of the Risk Committee
Member of the Executive Committee
Job Titles:
- Chief Financial Officer
- Chief Financial Officer of CME Group
John W. Pietrowicz has served as Chief Financial Officer of CME Group since January 2015.
John W. Pietrowicz has served as Chief Financial Officer of CME Group since January 2015. His responsibilities include oversight of the company's corporate finance, accounting, investor relations, treasury, real estate and procurement functions. Before assuming his current role, he served as Senior Managing Director, Corporate Development and Finance, where he had day-to-day oversight of and responsibility for identifying, negotiating, financing and managing ongoing investments in new business opportunities. He also served as Managing Director, Corporate Finance and Deputy Chief Financial Officer since joining the company in 2003. Prior to joining the company, he served as Chief Financial Officer for The Merchants' Exchange, an electronic commodities exchange based in Chicago. He also held financial leadership positions for Ameritech.
Job Titles:
- Chief Operating Officer
- Chief Operating Officer of CME Group
Julie Holzrichter has served as Chief Operating Officer of CME Group since 2014. She is responsible for leading the company's global operations and clearing and post-trade services divisions.
Julie Holzrichter has served as Chief Operating Officer of CME Group since 2014. She is responsible for leading the company's global operations and clearing and post-trade services divisions. She oversees CME Group's Market Operations including the Global Command Center, which is the first point of contact for customers using CME Group's Globex electronic production systems. She also leads CME Group's Trading Floor Operations, Global Market Solutions and Services, Data Centers and Critical Infrastructure, Global Security, and Business Continuity and Crisis Management functions. Over the course of her more than 25 years with the company, Holzrichter has held a variety of positions with increasing levels of responsibility including Senior Managing Director, Global Operations and Managing Director, CME Globex Services and Technology Integration.
Julie Winkler - Chief Commercial Officer
Job Titles:
- Chief Commercial Officer
- Chief Commercial Officer of CME Group
Julie Winkler has served as Chief Commercial Officer of CME Group since 2016.
Julie Winkler has served as Chief Commercial Officer of CME Group since 2016. She leads the company's sales, product marketing, research and product development, data analytics, and innovation lab functions, as well as the data services business line. Previously, she served as Senior Managing Director, Research, Product Development and Index Services of CME Group since 2014 and as Managing Director, Research and Product Development since 2007. Winkler joined the Chicago Board of Trade (CBOT) as a Staff Investigator in the Office of Investigations and Audits, and in 1998, she joined the Business Development area as an Economist in the Research and Strategic Analysis group. She was promoted to Managing Director, Business Development in 2004. She also served as Vice President, Business Development, where she had management responsibility for the growth and development of the Financial Product Research and Development, Market Data Products and Services, Training and Education, Corporate Strategy and Business Development Administration areas. Winkler holds a bachelor's degree in business administration in finance from Valparaiso University and an MBA in finance and derivatives markets with highest honors from Loyola University. She currently serves on the Board of Directors for S&P Dow Jones Indices LLC, Valparaiso University and Women in Derivatives. She is also a Revenue 50 member within the World 50 network.
Job Titles:
- Chief Transformation Officer
- Group 's Chief Transformation Officer
Kendal (Ken) Vroman serves as CME Group's Chief Transformation Officer.
Kendal (Ken) Vroman serves as CME Group's Chief Transformation Officer. He is responsible for overseeing the company's migration process as part of its 10-year partnership with Google Cloud to transform global derivatives markets through cloud adoption. He also leads the planning and execution function across the organization. Prior to assuming his current role, he most recently served as Senior Managing Director, International and Optimization Services.
Since joining the company in 2001, Vroman has held a variety of senior leadership roles including Managing Director, Planning and Execution, Global Head, Commodity Products and OTC Solutions, and Managing Director and Chief Corporate Development Officer.
Before joining the company, he worked as Vice President, Corporate Operations/Chief of Staff to the Chief Executive Officer for marchFIRST Inc. He also served as Principal for Whittman-Hart's Collaborative Technologies Group and as a Senior Consultant for Andersen Consulting LLP's Americas Information Systems Division.
Job Titles:
- Chairman of the Finance Committee
- Member of the Audit Committee
- Member of the Executive Committee
- Member of the Nominating and Governance Committee
- Member of Our Board
Mr. Gerdes has served as a member of our board since 2007 and served as our Lead Director from August 2017 to May 2020.
Mr. Gerdes served as our Lead Director from August 2017 to August 2020. Mr. Gerdes served as CEO of Pursuant Health (f/k/a SoloHealth), a private health-care company in Atlanta since February 2014, as its Executive Chairman of the board since November 2013, as its Chairman since 2012 and as a board member since 2007. Mr. Gerdes is also a general partner of Gerdes Huff Investments. Mr. Gerdes served as a general partner of Sand Hill Financial Company, a venture capital partnership, from 1983 to January 2019. Mr. Gerdes formerly served as Chairman and CEO of Transcend Services, Inc., concluding with the sale of that company in 2012, and as a director of Access Plans, Inc. from 2001 until its sale in 2012. Mr. Gerdes is a major shareholder and President of Friesland Farms, LLC. Mr. Gerdes is an Ambassador at The Kelley School of Business at Indiana University, a Director Emeritus at Monmouth College and serves on the board of Citizens First State Bank. Mr. Gerdes is also a director and part owner of Walnut Custom Components, Walnut, Illinois. Mr. Gerdes previously served on the board of CBOT Holdings, Inc. until our merger in 2007.
Member of the Audit Committee
Member of the Executive Committee
Chair of the Finance Committee
Member of the Nominating and Governance Committee
Job Titles:
- Senior Managing Director & Deputy Chief Financial Officer of CME Group
Lynne Fitzpatrick has served as Senior Managing Director & Deputy Chief Financial Officer of CME Group since 2022.
Lynne Fitzpatrick has served as Senior Managing Director & Deputy Chief Financial Officer of CME Group since 2022. She previously served as Managing Director of Corporate Development and Treasurer of CME Group since 2017, leading the company's business development, mergers and acquisitions, CME Ventures and corporate treasury functions. Since joining the company in 2006, Fitzpatrick has held a variety of positions with increasing levels of responsibility within the finance organization. Prior to CME Group she worked as an investment banker at Credit Suisse and UBS. She earned a bachelor's degree in economics from Brown University and an MBA with honors from the University of Chicago, Booth School of Business.
Job Titles:
- Member of the Nominating and Governance Committee
- Member of Our Board
Mr. Gepsman has served as a member of our board since 1994 and served as Secretary of the board from 1998 to 2007. He has been a member of CME for more than 35 years. Mr. Gepsman has also been an independent floor broker and trader since 1985. Mr. Gepsman currently serves as Chairman of our business conduct, membership, floor conduct committees and CME Gratuity Fund. During his board tenure at CME, he served as a member on the compensation, strategic steering, executive, clearing house oversight, ethics and arbitration committees. Mr. Gepsman has also held board positions, including a Chairman's role, at the company's foreign exchange subsidiaries. Mr. Gepsman currently serves as Vice Chairman of the CME political action committee. Mr. Gepsman also serves on the membership appeals committee with the National Futures Association. He was a member of the Chicago Board Options Exchange from 1982 to 1985.
Job Titles:
- Member of the Finance Committee
Job Titles:
- Member of the Finance Committee
- Member of Our Board
Mr. Mulchrone has served as a member of our Board since May 2020.
Mr. Mulchrone has been a member of CME since 1980. He previously served as a member of our board from 1991 to 2001, including holding the position of Vice Chairman. Mr. Mulchrone served as a filling order broker in the Eurodollar pit until 2004. Mr. Mulchrone has been an independent trader from 2004 to present. Mr. Mulchrone is a founder of Advantage Futures (2003). He served as a member of the board of directors of Standard Bank & Trust until its sale in 2017. He serves as the Vice Chairman of our political action committee and has served on the Class B-2 nominating committee. Mr. Mulchrone received a B.S. in Accounting from Western Illinois University.
Member of the Finance Committee
Job Titles:
- Member of the Risk Committee
- Member of Our Board
Mr. Maloney has served as a member of our Board since May 2020.
Mr. Maloney has been a member of CME since 1985. Mr. Maloney has served as an independent floor broker in the Eurodollar option pit from 2007 to present. Mr. Maloney has served on numerous CME functional committees: pit committee 1997-1999, nominating committee 1995-1996, arbitration committee 1994-1995, booth space committee 1992-1996 and floor practices committee 1995-1997. Mr. Maloney currently serves on our political action committee.
Member of the Risk Committee
Job Titles:
- Chairman of the Nominating and Governance Committee
- Member of the Executive Committee
- Member of the Risk Committee
- Member of Our Board
Ms. Lockett has served as a member of our Board since May 2019.
Ms. Lockett has served since 2014 as the founding CEO of LEAP Innovations. Prior to her role at LEAP, since 2005, Ms. Lockett served as President and CEO of New Schools for Chicago, a venture philanthropy organization that invests in the start-up of new public schools. Ms. Lockett served from 1999 to 2005 as Executive Director of the Civic Consulting Alliance, a pro-bono consulting firm sponsored by the Civic Committee of the Commercial Club of Chicago that leads strategic planning initiatives, process improvement, and program development projects for government agencies. She also held marketing, sales, and business development roles with Fortune 500 companies including IBM, Kraft Foods, and General Mills. Ms. Lockett is an independent director of the Federal Home Loan Bank of Chicago. She is also a member of The Economic Club of Chicago, The Chicago Network, the Commercial Club of Chicago, and a Henry Crown Fellow with the Aspen Institute. Recently, Ms. Lockett was named a contributor to Forbes, where she writes about education innovation and the future of learning.
Member of the Executive Committee
Member of the Market Regulation Oversight Committee
Chair of the Nominating and Governance Committee
Member of the Risk Committee
Job Titles:
- Member of Our Board
- Senior Counsel at Google LLC
Ms. Seifu has served as a member of our Board since May 2020.
Ms. Seifu is a Senior Counsel at Google LLC where she has served as a product and commercial counsel since 2014, acted as the first Chief of Staff for the Legal Department, and currently manages a team of lawyers supporting Google's internal business functions, corporate engineering teams, and Alphabet Inc. Prior to joining Google, Ms. Seifu was a Corporate Associate at Morrison & Foerster LLP from 2013 to 2014 where she focused on mergers and acquisitions and provided corporate governance guidance for public company boards and special committees. Ms. Seifu worked from 2008 to 2013 as a Corporate Associate at Davis Polk & Wardwell LLP where she focused on mergers and acquisitions, investments, and various other corporate transactions. She also advised clients on regulatory compliance, securities law reporting, and corporate governance matters. Immediately following graduation from Yale Law School, Ms. Seifu served as a law clerk to the Honorable George B. Daniels of the Southern District of New York.
Mr. Tierney has served as a member of our Board since May 2019.
Mr. Tierney has been an active independent trader and a member of the CME and CBOT since 2000 and COMEX since 2021. Currently, Mr. Tierney is a managing member and owner of Kore Trading LLC, a registered member firm holding multiple memberships on CME and CBOT. He actively trades and mentors college graduates in the mechanics of spread trading across multiple asset classes. Mr. Tierney also has served as a CME committee member of the business conduct committee since 2012. Previously, he was a managing partner at AlphaBit Trading LLC from 2012-2018.
Job Titles:
- Senior Managing Director, Global Head of Rates & OTC Products for CME Group
Sean Tully has served as Senior Managing Director, Global Head of Rates & OTC Products for CME Group since 2022.
Sean Tully has served as Senior Managing Director, Global Head of Rates & OTC Products for CME Group since 2022. He is responsible for leading the development, execution and management of the company's interest rate, cash and OTC products portfolio. Previously he served as Senior Managing Director, Financial and OTC Products of CME Group since 2014. Before joining CME Group in 2012, Tully most recently served as Managing Director, Global Head of Fixed Income Trading at WestLB in London. During his tenure at WestLB, he held roles of increasing responsibility including Managing Director, Regional Head of Derivatives, Americas and Managing Director, Global Head of Rates, Emerging Markets and Credit Trading in London. He also traded interest rate derivatives at Citibank and Greenwich Capital, running the global team in the USD interest rate swaps at Citi, and as a proprietary trader at Greenwich Capital.
Job Titles:
- Global Head of Client Services
Job Titles:
- Chief Information Officer
- Chief Information Officer of CME Group
Sunil Cutinho has served as Chief Information Officer of CME Group since 2022.
Sunil Cutinho has served as Chief Information Officer of CME Group since 2022. He previously served as President, CME Clearing and as Managing Director, Clearing Operations & Systems. In these roles, he was responsible for collaborating with the company's clearing members and customers to develop clearing solutions for listed and OTC derivatives, including credit, interest rates and foreign exchange. Prior to joining CME Clearing, Cutinho served as a Director of Enterprise Architecture in the Technology Division. Prior to joining the company in 2002, Cutinho gained more than 14 years of technology experience including various positions at CNA Insurance, Proxicom, VISA International and GDS.
Job Titles:
- Global Head
- Senior Managing Director
- Senior Managing Director & Global Head of Clearing and Post - Trade Services
Suzanne Sprague has served as Senior Managing Director & Global Head of Clearing and Post-Trade Services for CME Group since 2022.
Suzanne Sprague has served as Senior Managing Director & Global Head of Clearing and Post-Trade Services for CME Group since 2022. She joined the company in 2002 and has held numerous roles and leadership positions in financial management and risk management since that time. During her tenure, she has played a key role in the company's development of risk management policy. Since 2015, she served as Managing Director, Credit & Liquidity Risk, Risk Policy & Banking, overseeing CME Clearing's exposure to counterparty credit risk, liquidity risk management and financial performance, acceptable collateral and collateral services, risk management policies and procedures, financial operations, and banking. She earned a bachelor's degree with concentrations in finance and international business from Indiana University and a master's degree in financial markets from the Illinois Institute of Technology.
Job Titles:
- Chairman of the Executive Committee
- Chief Executive Officer
- Member of the Board of Directors
- Member of the Management Team
- Chairman and Chief Executive Officer of CME Group
Terrence A. Duffy serves as Chairman and Chief Executive Officer of CME Group.
Terrence A. Duffy serves as Chairman and Chief Executive Officer of CME Group. He is responsible for overseeing the world's leading and most diverse derivatives marketplace. In 2021, 4.9 billion contracts were traded at CME Group.
Previously, Duffy served as Executive Chairman and President of CME Group since 2012 and as Executive Chairman since 2007. He served as Chairman of the Board of CME and CME Holdings since April 2002 and as Executive Chairman since October 2006. He was Vice Chairman of the Board of CME Holdings Inc. from its formation in August 2001 and of the Board of CME from 1998 to April 2002. He was President of TDA Trading, Inc. from 1981 to 2002. He has been a CME member since 1981 and a Board member since 1995.
Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013. The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees.
During his tenure, Duffy led the first merger in the futures industry, combining the Chicago Board of Trade and the Chicago Mercantile Exchange in 2007 to create CME Group. The following year, he oversaw the acquisition of the New York Mercantile Exchange, adding the world's benchmark energy markets to CME Group. In 2018, he spearheaded the company's acquisition of NEX, which streamlined trading across futures, options, cash and OTC markets. And, in 2021, Duffy embarked on a landmark partnership with Google Cloud to bring expanded access, new products and greater efficiencies to derivatives markets through cloud technology.
Under his leadership, CME Group has received a wide range of industry awards recognizing the exchange, clearing house and product innovation. CME Group has also been recognized as the most valuable exchange brand for the past eight years. Duffy was named CEO of the Year at FOW's 2018 International Awards. He currently serves as Co-Chair of the Mayo Clinic Greater Chicago Leadership Council. He is Vice Chairman of the CME Group Foundation.
He attended the University of Wisconsin-Whitewater and received a Doctor of Public Service, honoris causa, from Saint Xavier University in 2019 and a Doctor of Humane Letters from DePaul University in 2007.
Chair of the Executive Committee
Ms. Savage has served as a member of our Board since 2003.
Ms. Savage started her career as a stockbroker and became a founding member of -and the first woman trader on-the Chicago Board Options Exchange. Ms. Savage is a nationally syndicated financial columnist, author and President of Terry Savage Productions, Ltd., which provides speeches, columns and videos on personal finance for corporate and association meetings, publications and national television programs and networks. Ms. Savage is a registered investment advisor and commodity trading advisor. She was a member of CME from 1975 to 1980.
Job Titles:
- Global Head
- Senior Managing Director
- Senior Managing Director, Global Head of Equity and FX Products
Tim McCourt has served as Senior Managing Director, Global Head of Equity and Foreign Exchange Products for CME Group since 2022.
Tim McCourt has served as Senior Managing Director, Global Head of Equity and Foreign Exchange Products for CME Group since 2022. He is responsible for leading the development and execution of the company's global equity index, foreign exchange, cryptocurrency and alternative investment product strategies. He serves on the CME Ventures Investment Committee and the S&P Dow Jones Indices U.S. Advisory Panel. Before joining CME Group in 2013 as Global Head of Equity Products, McCourt worked for the Royal Bank of Scotland, where he was responsible for building and managing the Americas Index and Delta One trading book. Prior to RBS, he held a senior trading role with JPMorgan in New York, spending 10 years with the Equity Derivatives Group. McCourt holds a bachelor's degree in political science from Boston College and an MBA from The University of Pennsylvania's Wharton School.
Job Titles:
- Member of the Compensation Committee
- Member of the Executive Committee
- Member of the Finance Committee
- Member of the Risk Committee
- Member of Our Board
Mr. Bitsberger has served as a member of our board since 2008.
Mr. Bitsberger served as Managing Director and Portfolio Specialist on the Account Management Team at The TCW Group from March 2017 to February 2021, where he was responsible for communicating investment strategies, performance and outlook to clients. Previously, he served as Managing Director, Official Institutions FIG Coverage Group of BNP PNA, a subsidiary of BNP Paribas, from December 2010 to November 2015, as a senior consultant with Booz Allen Hamilton from May 2010 to November 2010 and was with BancAccess Financial from December 2009 to April 2010. He also served as Senior Vice President and Treasurer of Freddie Mac from 2006 to 2008. Mr. Bitsberger also was with the U.S. Treasury Department from 2001 to 2005, serving first as their Deputy Assistant Secretary for federal finance and as the Assistant Secretary for financial markets. He was confirmed by the U.S. Senate as the Assistant Secretary in 2004.
Mr. Shepard has served as a member of our board since 1997.
Mr. Shepard has been a member of CME for more than 45 years. Previously, he served as our Second Vice Chairman from 2002 to 2007. Mr. Shepard is founder and President of Shepard International, Inc., a futures commission merchant. Mr. Shepard chairs our clearing house oversight committee.
Mr. Hobert has served as a member of our board since 2018 and previously during 2015-2017.
Mr. Hobert founded WH Trading, LLC, a proprietary options and futures trading firm, in 1998. WH Trading serves as a market maker and liquidity provider in numerous asset classes at CME in both its open outcry and electronically traded markets. From 1988 to 1994, Mr. Hobert worked for Cooper-Neff and Associates as an FX options market maker on the floor of CME and in over-the-counter markets. In 1994, he founded Hobert Trading Inc., which is currently a member of WH Trading, LLC.