01—Abstract
Summary
Summary of the 8-K filed February 17, 2022. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- CFO John W. Pietrowicz announced his retirement in 2023.
- Lynne Fitzpatrick promoted to Deputy CFO, to succeed Pietrowicz as CFO.
- Sunil Cutinho appointed Chief Information Officer, replacing retiring Kevin Kometer.
- Kevin Kometer, CIO since 2008, plans to retire in mid-2022.
- COO Julie Holzrichter will expand her role to oversee Global Operations and CME Clearing.
- These management changes are intended to position CME Group for long-term success.
03—Questions
Frequently Asked Questions
When will the current CFO, John W. Pietrowicz, retire?
John W. Pietrowicz has announced his plans to retire in 2023.
Who will be the next Chief Financial Officer?
Lynne Fitzpatrick has been promoted to Deputy Chief Financial Officer and will assume the role of Chief Financial Officer upon Mr. Pietrowicz's retirement. She has been with CME Group since 2017, serving as Managing Director, Treasurer & Head of Corporate Development.
What are the changes in the technology leadership?
Sunil Cutinho has been appointed as the new Chief Information Officer, succeeding Kevin Kometer, who plans to retire in mid-2022. Cutinho has served as President of CME Clearing since 2014.
Will the Chief Operating Officer role change?
Yes, Julie Holzrichter, currently Chief Operating Officer, will assume an expanded role overseeing both Global Operations and CME Clearing.
04—Continue