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.