International derivatives marketplace CME Group today announced changes among its senior management.
The Board of CME Group will extend Chairman and Chief Executive Officer Terry Duffy’s contract through December 31, 2026.
The company also announced Lynne Fitzpatrick will take on the expanded role of President and Chief Financial Officer.
Fitzpatrick, who has been CFO since 2023, joined the company in 2006. She previously served as Senior Managing Director & Deputy Chief Financial Officer, Managing Director of Corporate Development and Treasurer, and in a number of positions across the company’s finance organization. She earned a bachelor’s degree in economics from Brown University and an MBA from the University of Chicago Booth School of Business.
Additionally, CME’s Chief Operating Officer Julie Holzrichter has decided to step down from her role to begin serving as an advisor to the company.
With more than 30 years of service, Holzrichter has held roles of increasing responsibility, rising through the company’s ranks from market reporter to a senior member of the management team. She was instrumental in helping the company transition from open outcry to electronic trading as well as leading operational integrations resulting from mergers with the Chicago Board of Trade, NYMEX and NEX.
Suzanne Sprague will succeed Holzrichter as Chief Operating Officer and Global Head of Clearing.
Sprague, who has served as Senior Managing Director and Global Head of Clearing and Post-Trade Services since 2022, joined CME Group in 2002. She has served in a range of leadership positions in financial and risk management since that time, including Managing Director, Credit & Liquidity Risk, Risk Policy & Banking. She earned a bachelor’s degree with concentrations in finance and international business from Indiana University and a master’s degree in financial markets from the Illinois Institute of Technology.
