CME Group Inc. Names Slate of Director Nominees

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CME Group, the world's leading derivatives marketplace, has announced its slate of director nominees for the upcoming annual meeting scheduled for May 8, 2025. The board recommends fourteen candidates for joint Class A and Class B shareholder election, including current Chairman and CEO Terrence A. Duffy and representatives from various financial and technology sectors.

Three current board members - Larry G. Gerdes, Daniel R. Glickman, and Terry L. Savage - will not seek re-election and will retire from the board. Additionally, separate elections will be held for Class B shareholders, with three directors to be elected by B-1 shareholders, two by B-2 shareholders, and one by B-3 shareholders.

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CHICAGO, Feb. 6, 2025 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today announced its slate of candidates for its board of directors for election at the company's annual meeting to be held Thursday, May 8, 2025.

The board of directors recommends the Class A and Class B shareholders voting together elect the following individuals to the board:

• Terrence A. Duffy, 66, Chairman and Chief Executive Officer, CME Group
• Kathryn Benesh, 65, CPA, Retired Partner, Deloitte
• Timothy S. Bitsberger, 65, Retired Managing Director and Portfolio Specialist, The TCW Group; Former Senior Vice President and Treasurer of Freddie Mac; U.S. Treasury Department (2001-2005)
• Charles P. Carey, 71, Former Vice Chairman, CME Group
• Bryan T. Durkin, 64, Former President, CME Group
• Harold Ford Jr., 54, Regional President, PNC Financial Services Group; Former Member of Congress (1997-2007)
• Martin J. Gepsman, 72, Independent Broker and Trader
• Daniel G. Kaye, 70, CPA, Retired Partner, Ernst & Young LLP
• Phyllis M. Lockett, 59, Founder & Senior Advisor, LEAP Innovations; CEO LEAP-X
• Deborah J. Lucas, 66, Sloan Professor of Finance at the MIT Sloan School of Management; Director of the MIT Golub Center for Finance and Policy
• Rahael Seifu, 43, Director of Legal, Google LLC
• William R. Shepard, 78, President and Founder, Shepard International, Inc.
• Howard J. Siegel, 68, Independent Trader
• Dennis A. Suskind, 82, Retired Partner, Goldman Sachs & Co.; Lead Director, CME Group

At the 2025 annual meeting, Larry G. Gerdes, Daniel R. Glickman and Terry L. Savage will not stand for re-election and will be retiring from the board.

"We want to thank our departing directors Larry, Dan and Terry for their distinguished service on our Board," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "We are grateful for their many contributions to CME Group's success."

In addition, the CME Group Nominating and Governance Committee is recommending the following individuals for election by CME Group's Class B shareholders.

Three (3) directors will be elected by the Class B-1 shareholders from the following nominees:

• William W. Hobert, 61, Managing Director and Founder, WH Trading LLC
• Patrick J. Mulchrone, 67, Independent Trader
• Robert J. Tierney Jr., 49, Managing Member and Owner, Kore Trading LLC

Two (2) directors will be elected by the Class B-2 shareholders from the following nominees:

• Patrick W. Maloney, 63, Independent Floor Broker
• Liam Smith, 40, Chief Strategy Officer, Optiver

One (1) director will be elected by the Class B-3 shareholders from the following nominee:

• Elizabeth A. Cook, 64, Independent Broker and Trader

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

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SOURCE CME Group

FAQ

When is CME Group's 2025 annual meeting scheduled?

CME Group's annual meeting is scheduled for Thursday, May 8, 2025.

How many directors are being nominated for CME Group's board in 2025?

CME Group has nominated fourteen directors for joint Class A and Class B shareholder election, plus additional nominees for separate Class B-1, B-2, and B-3 shareholder elections.

Which CME Group board members are retiring in 2025?

Larry G. Gerdes, Daniel R. Glickman, and Terry L. Savage will not stand for re-election and will be retiring from the board.

How many directors will be elected by CME Group's Class B shareholders?

A total of six directors will be elected by Class B shareholders: three by B-1 shareholders, two by B-2 shareholders, and one by B-3 shareholders.