IntercontinentalExchange Group: NYSE CEO Niederauer Leaving, Succeeded by NYSE Operating Chief FarleyMd Noman Siddique (Author) Published Date : May 29, 2014 19:19 IST
Exchange operator IntercontinentalExchange Group (ICE) said NYSE CEO Duncan Niederauer has accelerated his planned departure following the rapid integration of NYSE into ICE, and will be succeeded by NYSE's chief operating officer, Thomas W. Farley, effective immediately. Niederauer will continue as president of ICE through August 2014. He had been CEO of NYSE Euronext, which was acquired by ICE in late 2013, since 2007. Farley, who has been serving as operating chief of NYSE, is a former U.S. president of ICE Futures. In succeeding Niederauer, he will take the title of president of NYSE Group. The transition to ICE ownership has gone smoothly, and with our integration well on track, accelerating the final stages of my transition will only extend that progress and provide clarity on future leadership, Niederauer said. ICE edged up 0.3% to $192.85 in recent trading shortly after the open, in a 52-week range of $162.95 to $229.50.
IntercontinentalExchange Group: NYSE CEO Niederauer Leaving, Succeeded by NYSE Operating Chief Farley