Derivatives marketplace conglomerate, CME Group, has promoted John Pietrowicz to the role of Senior Managing Director and Chief Financial Officer, succeeding James E. Parisi, who is retiring from the post.
Mr. Pietrowicz has been a mainstay at CME Group since 2003, having worked in a variety of senior level roles, including Senior Managing Director, Corporate Development & Finance and Deputy CFO. In his new appointment, he will be reporting to CME Group Chief Executive Officer, Phupinder Gill. Mr. Pietrowicz is succeeding James E. Parisi, who has held the role since 2004 – he is slated to retire on December 31, 2014.
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According to Terry Duffy, CME Group Executive Chairman and President, in a recent statement on the appointment, “Jamie has been a strong leader both within our company as well as externally with the investor community. He played a key role in guiding our organization through significant change including two major acquisitions. We are very fortunate to have a deep bench and a strong successor at the ready. Long-tenured CME veteran John Pietrowicz has led the organization’s business development and corporate finance functions for the past several years. He has both the experience and the knowledge necessary to seamlessly and successfully assume the role of CFO.”
“We are extremely pleased to promote John Pietrowicz whose extensive company, industry and financial experience will allow him to fill this critical role as an immediate contributor. With John’s leadership, we will remain focused on delivering value to our clients and shareholders globally. We wish Jamie well in his retirement and appreciate his legacy of achievement in helping us to grow CME Group into the global financial company it has become today,” added Mr. Gill in an accompanying statement.
“My decision to leave CME Group after 26 years, including the past 10 years as CFO, is bittersweet. I am very privileged to have built my career at such a dynamic company with the strongest, most capable and talented colleagues in the industry. The commitments of Terry and Gill and our entire management team to work on behalf of our clients and shareholders are second to none. It has been my pleasure and honor to be part of this team, and I am thrilled that John will be assuming the CFO role. As a shareholder, I remain enthusiastic about CME Group’s future, and I wish my colleagues great continued success,” reiterated Mr. Parisi.