The New York Stock
Exchange (NYSE) has announced that their senior leadership is going through
some reshuffling. The company is getting a new president and chairperson. Lynn
Martin, who is currently presiding over the data services businesses and fixed
income of the Intercontinental Exchange (ICE), takes over Stacey Cunningham’s
responsibilities, when the former starts at her new job from January 3, 2022.

Besides Lynn, Sharon Bowen
is being entrusted as the chair. She was formerly the commissioner of the
Commodity Futures Trading Commission and is a board member of both the ICE and
NYSE. Notably, ICE acquired the NYSE, in 2012, and the electronic trading group is
responsible for its operations.

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Cunningham has had a
successful run as the 67th, and second ever NYSE female president. Now,
she will join the board of directors after handing over the responsibilities.
Notably, she first came to the NYSE around nine years ago when ICE acquired
NYSE Euronext for $8.2 billion.

At the moment of her
departure, Jeff Sprecher, the CEO and founder of ICE took time to congratulate Cunningham,
saying that her leadership had seen the NYSE through turbulent times. Further, Cunningham
ensured that trading systems thrived along with resilience in technology. Now,
she is prepared to start a new chapter with the deepest gratitude of everyone
in the organization.

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With Lynn coming on-board,
she looks to focus on technological improvement and customer satisfaction. Sprecher
has noted that Lynn’s unique experience of carrying out work inside and outside
an organization, makes her a perfect fit for this job. She also brings a free
flow of information and degree of transparency, which are laudable attributes
in a leader.

Notably, Lynn takes
the reigns at a good time, since ICE reported their earnings and revenues for
the third quarter were stronger than expected. It remains to be seen what exciting
and new directions lie ahead with her as president.