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CME Announces Officer Promotions

Date 07/02/2005

CME, the largest futures exchange in the U.S., today announced the promotions of nine employees as officers of the corporation, effective Feb. 20. 

“The ‘bench strength’ that we continue to build at CME is the strongest in our industry worldwide,” said CME Chief Executive Officer Craig Donohue.  “We are committed to developing our talented employees into our next generation of leaders, and we are confident that this group of new officers will help our organization to achieve outstanding results in the future.”   

John W. Labuszewski:  Promoted to Managing Director, Product & Research Development.  Labuszewski, 48, is charged with identifying, researching and capitalizing on new product opportunities across all CME product lines and potential market sectors.  Before joining CME in 1998, Labuszewski held a number of senior leadership positions in the asset management and sales areas of trading firms such as The Nikko Securities Co. International, Inc., Virginia Trading Corp. and Refco Inc.  He also worked in marketing and research capacities for the Chicago Board of Trade and the Midamerica Commodity Exchange.  He earned a bachelor’s degree from Illinois State University and an MBA degree in finance from the University of Illinois.   He has published three books and many academic articles.

Michael G. Crawshaw:   Promoted to Director, Human Resources.  Crawshaw, 40, is responsible for managing the organization’s performance management process.  He also oversees the company’s recruiting, human resources information systems (HRIS) and employee relations functions and ensures that CME employment practices are compliant with federal, state and local laws.  Before joining CME in 1998, Crawshaw held human resources management positions for the Institute of Real Estate Management of the National Association of REALTORS® and Hartmarx Retail Group.  He earned a bachelor’s degree in industrial and personnel psychology from the University of Illinois.

Danielle Dycus:  Promoted to Director, European Marketing.  Dycus, 39, is responsible for developing, maintaining and growing client relationships within the United Kingdom, Ireland and Gibraltar, with the goal of increasing the CME customer base and corresponding trading volumes.  She is located in London.  Dycus has over 13 years of experience with CME—both in Chicago and London.  Before joining the company, Dycus worked in marketing roles for Lend Lease Retail, Ltd. in Sydney; The Times of India in New Dehli; and AIESEC in Chicago.  She earned a bachelor’s degree in management and a bachelor’s degree in French, both from Purdue University.  She also earned an MBA degree from the Kellogg School of Management at Northwestern University.

Lynn Lipsig: Promoted to Director, Marketing.  Lipsig, 36, is responsible for leading the company’s marketing management function—an area that delivers integrated brand and product marketing programs.  Before joining CME in 2002, she worked in marketing and brand management roles for The Quaker Oats Company and Kraft Foods, Inc.   She began her career as a media supervisor and planner at DDB Needham Worldwide Advertising.  Lipsig earned a bachelor’s degree in business administration from the University of Wisconsin and an MBA degree in marketing and finance from the Kellogg School of Management at Northwestern University.

Heather R. Munoz:  Promoted to Director, Enterprise Technology Production Monitoring and Assurance.  Munoz, 35, is responsible for all second level support for all CME written applications and first, second and/or third level support for various third-party software and software written internally.  Her team supports CME clearing and regulatory applications, order entry and market data applications, disaster recovery and production hardening, and system and application level monitoring.  Before joining CME in 1999, Munoz worked as a mechanical engineer and industrial designer for Serac Inc. and Space Management Programs, both consulting firms.  She earned a bachelor’s degree in industrial design from the University of Illinois.

Nicholas Reynoldson:   Promoted to Director, European Marketing.  Reynoldson, 46, is responsible for developing, maintaining and growing client relationships within the United Kingdom, Ireland and Gibraltar, with the ultimate goal of increasing the CME customer base and corresponding trading volumes.  He is located in London.  Before joining CME in 2002, Reynoldson gained over 25 years of trading and sales experience, working as Managing Director, Foreign Exchange for Bank of America and in foreign exchange trading and sales roles for Hill Samuel Bank, Security Pacific Bank and Union Bank of Switzerland, all in London. 

Jeffrey H. Rotter:  Promoted to Director, Corporate Tax.  Rotter, 48, is responsible for management of the tax function at CME.  His expertise encompasses research and planning, compliance and audit defense for federal, state, local and foreign income and non-income taxes.  Before joining CME in 2003, Rotter consulted and held tax management roles at Marconi Incorporated, Tellabs Inc. and Household International.  He began his career as a tax accountant at Grant Thornton.  Rotter earned a bachelor’s degree in accounting and a master’s degree in taxation, both from DePaul University.  He is a Certified Public Accountant.

Carl R. Stumpf:  Promoted to Director, Technology.  Stumpf, 36, serves as a financial controller for all CME technology spending and is responsible for accurate financial reporting for the company’s Technology & Enterprise Computing Division.  Before joining CME in 2003, Stumpf held technology development positions for Divine Professional Services, KPMG Consulting and Utilities International.  He began his career as an associate with Arthur Andersen LLP.  He earned a bachelor’s degree in accountancy and a master’s degree in accounting science, both from the University of Illinois.  He is a Certified Public Accountant and a Project Management Professional.                                          

Brett A. Vietmeier:  Promoted to Director, CME Equity Index Products.  Vietmeier, 37, is responsible for the day-to-day operations of the company’s Equity Index Products Department.  He also manages the development, implementation and marketing of CME equity index product line.  Vietmeier joined CME in 1990 as a market reporter and, since that time, has assumed roles of increasing responsibility in product marketing.  He earned a bachelor’s degree in business from Illinois Wesleyan University and an MBA degree from DePaul University.

Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States.  As an international marketplace, CME brings together buyers and sellers on CME Globex® electronic trading platform and on its trading floors.  CME offers futures and options on futures primarily in four product areas:  interest rates, stock indexes, foreign exchange and commodities.  The exchange moved about $1.5 billion per day in settlement payments in 2004 and managed $44.1 billion in collateral deposits at Dec. 31, 2004, including $3.1 billion in deposits for non-CME products.  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 and Globex are registered trademarks of Chicago Mercantile Exchange Inc.  E-mini is a trademark of CME.  TRAKRS, Total Return Asset Contracts and other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license.