Chicago Mercantile Exchange (CME) and Chicago Board of Trade
(CBoT) announced their post-merger leadership team which
excluded all but two CBoT senior management executives,
emphasising CME's strength and dominance.
Only CBoT executive vice president and chief operating
officer Bryan Durkin were retained. Charlie Carey, current CBoT
chairman, will serve as CME Group vice-chairman.
Durkin will join CME Group as chief operating officer and
will be responsible for the combined company's technology and
operations areas, over half of the company's employee base.
Durkin will report to CME president Phupinder Gill and will
have responsibility for the transition of E-CBoT products to
CME Globex, and for the transition of CME trading floors to the
CBoT trading facility, as well as for ongoing initiatives that
enhance all trading operations and functionality.
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