During this transition, Gomach will assist CME as the company works to identify his replacement. CME has engaged Russell Reynolds Associates, a global executive recruitment and management assessment firm with extensive experience in CFO searches for publicly-traded companies, to conduct its CFO search. CME plans to consider both internal and external candidates for this position.
“CME has made a successful transition to public company status and is successfully executing its growth strategy,” said Gomach. “Now, as CME has achieved an enviable competitive position as the largest futures exchange and first publicly traded exchange in the U.S., I believe I have accomplished my goals and I can focus my energies on helping CME find my successor.”
“David has been a tremendous asset to CME as we have evolved from a mutual organization to a for-profit entity, and we appreciate the fact that he will continue to serve during the transition process,” said CEO Craig Donohue. “He has done a superb job of elevating the skills and capabilities of our finance team, proactively communicating with investors and helping us successfully execute our growth strategy. David will be missed, and we wish him and his family well.”
Gomach joined CME in 1987. He has served as Managing Director and Chief Financial Officer of CME Holdings since its formation in August 2001, and of CME since March 2000.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in theUnited States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.6 billion per day in settlement payments in the first half of 2004 and managed $39.1 billion in collateral deposits as of June 30, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
Chicago Mercantile Exchange, CME, the globe logo and GLOBEX are registered trademarks of Chicago Mercantile Exchange Inc.
