Summary
CME Group Inc. announced significant changes to its senior management team, primarily focusing on the finance and technology leadership. Chief Financial Officer John W. Pietrowicz has announced his intention to retire in 2023, paving the way for Deputy CFO Lynne Fitzpatrick to assume the CFO role upon his departure. Fitzpatrick, currently Managing Director, Treasurer & Head of Corporate Development, brings valuable experience to this transition. Further restructuring includes the appointment of Sunil Cutinho as the new Chief Information Officer, succeeding Kevin Kometer who is set to retire in mid-2022. Cutinho's extensive background as President of CME Clearing will likely be leveraged in his new technology-focused role. Additionally, Chief Operating Officer Julie Holzrichter will expand her responsibilities to encompass Global Operations and CME Clearing, signaling a strategic consolidation of operational oversight. These changes are designed to position the company for continued long-term success.
Key Highlights
- 1CFO John W. Pietrowicz announced his retirement in 2023.
- 2Lynne Fitzpatrick promoted to Deputy CFO, to succeed Pietrowicz as CFO.
- 3Sunil Cutinho appointed Chief Information Officer, replacing retiring Kevin Kometer.
- 4Kevin Kometer, CIO since 2008, plans to retire in mid-2022.
- 5COO Julie Holzrichter will expand her role to oversee Global Operations and CME Clearing.
- 6These management changes are intended to position CME Group for long-term success.