CME Group Inc. Chief Executive Phupinder S. Gill, who has pushed the world’s largest futures-exchange operator into new markets in Europe and Asia since assuming the job in 2012, intends to retire Dec. 31.
A CME spokeswoman said Mr. Gill, 56 years old, informed the board this week of his decision to retire early. His employment contract had been set to run to 2019.
Following CME’s tradition of promoting within the firm, Terrence A. Duffy, currently executive chairman and president, will retain the chairman title while adding the CEO job as well. Chief Commercial Officer Bryan T. Durkin will become president.
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