Donohue to become CME ceo at year end
In a widely anticipated changing of the guard, Chicago
Mercantile Exchange (CME) president and ceo Jim McNulty will
leave the exchange when his contract expires at the end of the
year. He will be replaced by Craig Donohue, who has been
sharing the office of ceo with McNulty.
News that McNulty will step down on 31 December sent the
CME's share price down 8.1% to $71.60 last Tuesday. Shares
rallied somewhat on Wednesday, closing at $73.40.
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