NYSE shakes up senior administration with Lynn Martin changing Stacey Cunningham as president

A trader all through the Sweetgreen original general public offering (IPO) in entrance of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021.

Michael Nagle | Bloomberg | Getty Pictures

The New York Inventory Exchange explained Monday it is shaking up the company’s management team with bulletins of new president and chair.

Lynn Martin, at this time the president of Intercontinental Exchange’s preset earnings and data solutions organization, has been appointed the next president of the NYSE, succeeding Stacey Cunningham.

Sharon Bowen, an ICE and NYSE Board Member, will come to be the subsequent chair of the NYSE. Bowen was a former commissioner of the Commodity Futures Trading Fee (CFTC).

Cunningham, the 67th president and the next ever female president of the trade, will be part of the board of directors of the NYSE. Cunningham very first arrived to the NYSE about 9 years ago when ICE announced its $8.2 billion acquisition of NYSE Euronext.

“Stacey led the NYSE by an amazing period that noticed its technological innovation verify resilient and its investing methods prosper in even the most turbulent instances,” Jeff Sprecher, founder, chairman and CEO of Intercontinental Exchange, stated in a assertion. “She starts a new chapter with the Trade much better and much better for her tireless efforts, and with our deepest thanks.”

The NYSE is operated by the digital buying and selling group Intercontinental Exchange, which obtained it in 2012.

Intercontinental Trade noted much better-than-expected earnings and revenue for the 3rd quarter. The inventory is up about 13% this calendar year, lagging the broader industry, on the other hand.