NYSE announces major overhaul of Big Board management

NYSE announces major overhaul of Big Board management

2021-12-07 07:39:00 AM

NYSE announces major overhaul of Big Board management

Lynn Martin becomes the third woman to lead the New York Stock Exchange after Stacey Cunningham steps down

Katherine DohertyLynn Martin. Picture: BLOOMBERGIntercontinental Exchange (ICE) announced a series of leadership changes on Monday, including naming Lynn Martin as president of the New York Stock Exchange (NYSE) to replace current head Stacey Cunningham.

Martin, 45, will become the third woman to lead the NYSE after Cunningham steps aside and joins the board of directors, the company said in a letter sent to employees. The ICE also named Sharon Bowen as the first female chair of NYSE, replacing Jeff Sprecher, ICE’s current chair  and CEO.

Martin will officially step into her new role as president on January 3, according to a posting on the company’s website. Cunningham, 47, is a senior female banker and was the 67th president of the NYSE, where she was once an intern. She held roles in management including COO, and took over as president in 2018. headtopics.com

LaLiga

“Stacey led the NYSE through an extraordinary era that saw its technology prove resilient and its trading systems thrive in even the most turbulent times,” Sprecher said in the letter. “She begins a new chapter with the exchange better and stronger for her tireless efforts, and with our deepest thanks.”

Shares of ICE, the parent of NYSE, are headed towards their seventh-straight annual gain, and have posted a 14% increase since January. Martin leads ICE’s fixed-income and data services. She will continue to serve as chair of that business while Amanda Hindlian, a Goldman Sachs veteran and the global head of capital markets at NYSE, takes over as its new president.

“I don’t accept the phrase, ‘We’ve always done it that way’,” Martin said in the web posting. “Because with that mindset you don’t grow and innovate.”Other changes to leadership include Hope Jarkowski, formerly the co-head of government relations at ICE and now head of equities at NYSE, who will become its general counsel, replacing Elizabeth King.

LaLiga

Read more: Business Day »

South African Depression and Anxiety Group

SADAG - South African Depression and Anxiety Group Read more >>

68th President.....Hail to the President.

Gambian President Barrow takes big lead as opposition rejects early election resultsAdama Barrow’s first term was marked by the pandemic that damaged the tourism-reliant economy

Football needs intellectual capital, not big names | CitypressClub bosses must look beyond reputation when appointing managers, writes Muhammad Hussain. Repeat that Football is a very, very simple game. On a daily basis, game after game, I get surprised when coaches, managers, technical teams and owners try to complicate it. Simple: earliest/delayed pass to free/marked nearest man, mix your approach: short/long passes,score goals. Win.

UK court paves way for overhaul of Uber business modelAll ride-hailing companies in London have to provide better protection to riders

Chinese developer misses major bond repayment of $179mAnother Chinese property developer said it had defaulted on a major bond repayment, citing liquidity problems. It’s just a matter of time. This too shall come crumbling down!

Root not ready to name team but backs Stokes for AshesEngland captain expects all-rounder to play big part in the series in Australia

Batohi: NPA is not in crisis and there's no infightingReports of infighting in the prosecuting authority surfaced after Hermione Cronje announced her resignation last week.