Terry Duffy Becomes Executive Chairman at CME Group

CME Group appoints Lynne Fitzpatrick as CEO as Terry Duffy shifts to Executive Chairman

CME Group said Terry Duffy will give up his chief executive role on March 1, 2027, and move into the role of Executive Chairman. At the same time, Lynne Fitzpatrick, the company's President and CFO, will take over as CEO and join the CME Group Board of Directors.

Duffy has led CME Group for more than 25 years and became Chairman in 2002. During that period, the exchange moved from floor trading to electronic trading, became the first U.S. exchange to go public, and completed major deals with the Chicago Board of Trade and the New York Mercantile Exchange. Last year, CME Group posted an average daily volume of 28.1 million contracts and had a market value above $95 billion.

"Leading CME Group through more than 25 years of transformative growth has been among the highest honors of my life," Duffy said.

Fitzpatrick joined CME Group in 2006 after working as an investment banker at Credit Suisse and UBS. Since then, she has held several senior finance roles, including Managing Director of Corporate Development and Treasurer, Deputy CFO, CFO, and most recently President and CFO in late 2024.

The company now has about nine months to carry out an internal handover, while Duffy remains part of its governance structure as Executive Chairman.