8-KLeadership Changes

CME GROUP INC. 8-K Report, Executive Changes (Mar 4, 2008)

Filed March 4, 2008For Securities:CME

Summary

CME Group Inc. (CME) filed an 8-K on March 4, 2008, reporting a significant executive transition. Nancy W. Goble, the company's Managing Director and Chief Accounting Officer, has announced her intention to retire effective June 1, 2008. This marks the end of an era for a key financial executive within the organization. Jill Harley has been appointed to succeed Ms. Goble as Managing Director and Chief Accounting Officer, effective March 1, 2008. Ms. Harley brings extensive experience, with over 20 years in financial services, including significant roles at CBOT Holdings, Inc. and the Board of Trade of the City of Chicago, Inc. Her prior experience as Chief Accounting Officer and Controller/Treasurer at CBOT, coupled with her involvement in the CME Group's accounting department integration during the merger, positions her well for this new role. Investors can view this as a strategic internal promotion ensuring continuity in financial oversight.

Key Highlights

  • 1Nancy W. Goble, Managing Director and Chief Accounting Officer, to retire effective June 1, 2008.
  • 2Jill Harley appointed as the new Managing Director and Chief Accounting Officer, effective March 1, 2008.
  • 3Ms. Harley possesses over 20 years of financial services experience, including prior roles at CBOT Holdings and the Board of Trade of the City of Chicago.
  • 4Ms. Harley previously served as Chief Accounting Officer and Controller/Treasurer at CBOT.
  • 5Ms. Harley was instrumental in the accounting department integration during the CME-CBOT merger.
  • 6Ms. Harley is a CPA with a strong educational background (University of Illinois and DePaul University).

Frequently Asked Questions

This 8-K filing is primarily to report the upcoming retirement of CME Group's Chief Accounting Officer, Nancy W. Goble, and to announce the appointment of her successor, Jill Harley.

Jill Harley will assume the role of Managing Director and Chief Accounting Officer, effective March 1, 2008. Ms. Goble's retirement will be effective June 1, 2008.

Jill Harley has over 20 years of financial services experience, including key accounting and treasury roles at CBOT Holdings and the Board of Trade of the City of Chicago. She also played a significant role in integrating the accounting departments during the CME-CBOT merger and is a CPA.

The filing states that Ms. Harley will participate in the Company’s compensation program on terms commensurate with other executives at the Managing Director level, indicating her compensation will be adjusted to reflect her new senior role.