8-KLeadership Changes

CME GROUP INC. 8-K Report, Executive Changes (Feb 23, 2010)

Filed February 23, 2010For Securities:CME

Summary

CME Group Inc. (CME) filed an 8-K report on February 23, 2010, disclosing a change in its Chief Accounting Officer position. Effective February 19, 2010, James V. Pieper was appointed as the new Chief Accounting Officer, succeeding Jill A. Harley. Ms. Harley will move into an expanded role as Managing Director, Corporate Finance Services, while Mr. Pieper will report to her. This transition indicates a shift in senior financial leadership within the company. The appointment of Mr. Pieper, who has a strong background with CME Group and impressive educational credentials from Northern Illinois University and The Wharton School, suggests a focus on continuity and internal development for this critical finance role. Investors should note that Mr. Pieper will be compensated under the company's standard executive program for Managing Directors.

Key Highlights

  • 1Appointment of James V. Pieper as Chief Accounting Officer, effective February 19, 2010.
  • 2Jill A. Harley transitions from Chief Accounting Officer to Managing Director, Corporate Finance Services.
  • 3Mr. Pieper will report to Ms. Harley in her new capacity.
  • 4Mr. Pieper has prior experience within CME Group as Director and Controller since 2006.
  • 5Mr. Pieper possesses an MBA from The Wharton School and a bachelor's degree from Northern Illinois University.
  • 6Mr. Pieper's compensation will align with the company's compensation program for Managing Directors.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce a change in the Chief Accounting Officer position at CME Group Inc. and to provide details about the individuals involved.

James V. Pieper has been appointed as the new Chief Accounting Officer. He previously served as Director and Controller at CME Group and holds an MBA from The Wharton School and a bachelor's degree in accountancy from Northern Illinois University.

Jill A. Harley, the former Chief Accounting Officer, will take on an expanded role as Managing Director, Corporate Finance Services. The new Chief Accounting Officer, James V. Pieper, will report to her.

Mr. Pieper will participate in the company's compensation program on terms that are commensurate with other executives at the Managing Director level.