Scott Johnston has resigned from his post as Chicago
Mercantile Exchange (CME) chief information officer. The move
follows the departure of Satish Nandapurkar to Eurex US and
comes as CME attempts to prevent an exodus of key staff with
promotions and the introduction of non-competition clauses into
stock option and bonus schemes (see FO Week Vol 9 Nos
3&7). Johnston was part of the team brought in by former
ceo Jim McNulty. Both Johnston and the exchange insisted the
departure was amicable.
In an exclusive interview, Johnston told FO Week
that, having built a strong technology team, he had achieved
his goals and "it was a good time to leave".
Johnston said it was his choice and he now wants to explore
other opportunities, although no decision has been made. He has
been succeeded by long-time CME technology executive Jim
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