CME Group Inc. (CME) announced that its Chief Executive Officer, Craig Donohue, will step down from the company when his contract expires in December 2012.
The company stated that its board has appointed Terrence Duffy, who is currently Executive Chairman, to the expanded role of Executive Chairman and President and current President Phupinder Gill to Chief Executive Officer when Donohue's contract expires.
Additionally, the company noted that its board extended Duffy's and Gill's contract agreements.
The company stated that the current Management Team also will remain in place.
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