Summary
This 8-K filing from Intercontinental Exchange, Inc. (ICE) announces a significant change in its executive leadership. David S. Goone, the current Chief Strategy Officer, has announced his intention to retire from his executive role effective March 15, 2022. This transition marks the end of Mr. Goone's tenure as an executive officer, a position he has held for a considerable time. While stepping down from his executive responsibilities, Mr. Goone is expected to remain involved with ICE in an advisory capacity to CEO Jeffrey C. Sprecher. This arrangement, governed by a Transition and Separation Agreement, suggests a planned and orderly handover of strategic responsibilities, aiming to leverage Mr. Goone's experience during this period. Investors should monitor for the full details of this agreement when it is filed.
Key Highlights
- 1David S. Goone, Chief Strategy Officer, plans to retire from his executive role effective March 15, 2022.
- 2Mr. Goone will cease to serve as an executive officer of ICE following his retirement.
- 3Following his retirement, Mr. Goone is expected to serve as an advisor to ICE CEO Jeffrey C. Sprecher.
- 4A Transition and Separation Agreement will be entered into between ICE and Mr. Goone.
- 5The full agreement will be filed as an exhibit to an amendment to this Current Report on Form 8-K.