CME Chairman and CEO Terrence Duffy Suffers Collapsed Lung
May 24 2017 - 1:59PM
Dow Jones News
By Alexander Osipovich
CME Group Inc. Chairman and Chief Executive Officer Terrence A.
Duffy has suffered a collapsed lung and is recuperating at home,
the company said.
Mr. Duffy underwent a procedure on his lung late last week, a
CME spokeswoman said in an email. He is "expected to make a full
recovery returning to work in the next couple of weeks," she
said.
The news emerged as the Chicago-based futures exchange operator
held its annual shareholder meeting on Wednesday. CME is the
world's largest exchange operator, with a market capitalization of
$40 billion.
Mr. Duffy, 58 years old, has been a central figure in CME's
transformation into an exchange giant over the past two decades. He
first joined its board in 1995, when it was still a nonprofit,
member-owned cooperative, and he became chairman in 2002, when CME
converted itself into a publicly traded corporation.
CME announced in November that Mr. Duffy was assuming the CEO
job following the surprise retirement of its previous CEO,
Phupinder S. Gill.
Mr. Duffy helped drive CME's merger with its crosstown rival the
Chicago Board of Trade, completed in 2007, and its acquisition of
the New York Mercantile Exchange in 2008. He became a member of CME
in 1981, starting his career in the hog futures trading pit.
Write to Alexander Osipovich at
alexander.osipovich@dowjones.com
(END) Dow Jones Newswires
May 24, 2017 13:44 ET (17:44 GMT)
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