CME Group today announced that Bryan T. Durkin will step down as President in May of this year. At that time, Durkin will begin serving as a special advisor to the company, reporting to CME Group Chairman and Chief Executive Officer Terry Duffy. Additionally, yesterday, the CME Group board of directors recommended that Durkin be slated for election to the company's board at its May 2020 Annual Meeting of Shareholders.
"As a long-standing champion of the futures industry, Bryan has been an integral part of our leadership team for more than a decade," said Duffy. "He is well-respected by colleagues and clients alike and will continue to advance both the industry and our business in his new role as a member of the board and in his advisory role."
"I am profoundly proud to have served the clients and shareholders of CME Group through a period of tremendous growth," said Durkin. "I have been fortunate to play a role in the dynamic expansion of the global derivatives markets and the critical risk management role they play in every economy. It has been my great honor to work with our talented team of employees around the world, and I will continue to work with Terry, the board and our management team to advance our business objectives in this new capacity."
Durkin, a 37-year veteran of CME Group, started his career in 1982 as an investigator. Throughout his career he has led many initiatives for the organization and has most recently been responsible for leading the company's integration of CBOT, NYMEX and NEX. He also has overseen the company's technology, global operations and data services businesses, as well as its significant international growth.
