Euronext has revealed that Dominique Cerutti, CEO of Euronext N.V. and chairman of the managing board, will be relinquishing his role and is slated to part ways with the company on 15 July 2015.
Mr. Cerutti originally joined NYSE Euronext in 2009, serving as its president and deputy CEO. He will be leaving to assume a new role as chairman and CEO of global consultancy, Altran.
Euronext’s executive board will rely on the Governance and Nomination Committee to seek out a succession candidate to Mr. Cerutti, allowing for the passage of a smooth transition ahead of the July 15 date of his departure.
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According to Rijnhard Van Tets, Chairman of the Supervisory Board of Euronext N.V. in a recent statement on the departure, “Dominique Cerutti successfully navigated the company through its complex separation from Intercontinental Exchange to its subsequent IPO in an extremely short timeframe, and positively repositioned the group as a leading independent exchange in Europe. Since its IPO, investors have supported the strategy and the management team, resulting in a twofold increase of the valuation of the company.”
“Whilst I am looking forward to this new challenge, I am particularly proud of all that has been achieved at Euronext in the past 18 months,” noted Mr. Cerutti in an accompanying statement “This was very much thanks to the cohesion found within the exceptional management team. I am confident that Euronext will continue to create outstanding shareholder and client value as a result of the strong base which has been established.”
“As Euronext anticipated, capital markets in Europe are at the beginning of a new cycle, and the positive trends in the sector, which will boost the company’s strategy, are continuing,” Cerutti added.