CME Group has entered into a new employment agreement that provides for the continuation of chief executive officer Craig Donohue’s employment with CME Group for three additional years through December 31, 2012.
In addition, the company has also entered into a new employment agreement that provides for the continuation of president Phupinder Gill’s employment with CME Group for three additional years through December 31, 2013.
Terry Duffy, executive chairman, said: We remain focused on delivering benchmark products, leading technology and industry-leading central counterparty clearing services for both exchange-traded and over-the-counter markets for the benefit of our investors, customers, members and employees around the world.
Mr. Donohue commented: While the last five years have marked profound and positive change for CME Group, I am excited about the many new opportunities that lie ahead for us in both exchange and over-the-counter markets. Working with our Board, Management Team and employees, we will continue to lead the global derivatives industry by delivering the products, clearing services and technology that market participants demand for risk management.
