CME Group CME

Terrence A. Duffy AGE: 67 DIRECTOR SINCE: 1995 COMMITTEES: EC The Honorable Terrence A. Duffy has served as Chairman and Chief Executive Officer of CME Group since November 2016. He is responsible for overseeing the world's leading derivatives marketplace. Previously, Mr. Duffy served as Executive Chairman and President of CME Group since May 2012 and as Executive Chairman since October 2006. He served as Chairman of the Board of CME and CME Holdings since April 2002. He was Vice Chairman of the board of CME Holdings from its formation in August 2001 and of the board of CME from 1998 to April 2002. He was President of TDA Trading, Inc. from 1981 to 2002. He has been a CME member since 1981 and a board member since 1995. Mr. Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013. The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees. Mr. Duffy was named CEO of the Year at FOW's 2018 International Awards, one of TabbFORUM's 40 Innovators in Financial Markets, and included in Crain's Who's Who in Chicago Business. He currently serves as Co-Chair of the Mayo Clinic Greater Chicago Leadership Council. He is a member of the board of the CME Group Foundation. Mr. Duffy attended the University of Wisconsin-Whitewater. He received a Doctor of Public Service, honoris cause, from Saint Xavier University in 2019 and a Doctor of Humane Letters from DePaul University in 2007. On June 17, 2026, CME Group Inc. announced that Terrence A. Duffy, the Company's current Chairman and Chief Executive Officer, will become the Company's Executive Chairman, and will become effective on the later of March 1, 2027, and the date on which the Company files its Annual Report on Form 10-K with respect to 2026. Mr. Duffy will continue to serve as the Company's Chief Executive Officer through the Transition Date and will then serve as the Company's Executive Chairman from the Transition Date through December 31, 2027.

Ms. Fitzpatrick, age 48, has served as the Company's President and Chief Financial Officer since November 2024, when her role expanded to oversee human resources and transformation and execution, as well as her prior responsibilities for overseeing the Company's finance functions. She previously served as Chief Financial Officer since April 2023, Deputy Chief Financial Officer since 2022 and Managing Director of Corporate Development and Treasurer of the Company since 2017. Since joining the Company in 2006, Ms. Fitzpatrick has held a variety of positions with increasing levels of responsibility within the organization. Prior to her employment with the Company, she worked as an investment banker at Credit Suisse and UBS. Lynne C. Fitzpatrick, the Company's current President and Chief Financial Officer, will succeed as the Company's Chief Executive Officer, effective on the later of March 1, 2027, or the date on which the Company files its Annual Report on Form 10-K for 2026.

Mr. Sammann has served as our Senior Managing Director, Global Head of Commodities Markets since November 2021 and previously served as our Senior Managing Director, Commodities and Options Products since 2014. He previously served as our Senior Managing Director, Financial Products and Services since 2009 and Global Head of Foreign Exchange Products since joining us in 2006. Prior to joining us, Mr. Sammann served as Managing Director, Global Head of FX Options and Structured Products at Calyon Corporate and Investment Bank in London from 1997 to 2006. Mr. Sammann serves as a member of the board of the following entities: the Gulf Mercantile Exchange, the COMEX Board of Governors and the Commodities Markets Council, where he also serves as Treasurer. He also serves on the Shanghai Gold Exchange's International Advisory Board, the CFTC's Agricultural & Energy and Environmental Markets Advisory Committees, and the Security Traders Association's Listed Options Committee.

Ms. Winkler has served as our Chief Commercial Officer since 2016. She leads the company's sales, product marketing, research and product development, and innovation lab functions. She also oversees the international, retail, and data and analytics services business lines. She previously served as Senior Managing Director, Research and Product Development and Index Services of CME Group since 2014 and as Managing Director, Research and Product Development since 2007. Prior to our merger with CBOT Holdings, Ms. Winkler held positions of increasing responsibility for CBOT Holdings since 1996. Ms. Winkler also serves as a director of S&P Dow Jones Indices LLC.

Mr. Cutinho has served as our Chief Information Officer since February 2022 and previously served as President of our clearing house since 2014. He joined CME Group in 2002 and since then has held various positions of increasing responsibility within the organization, including as Managing Director, Deputy Head of CME Clearing from April 2014 through September 2014.

Phyllis M. Lockett AGE: 60 DIRECTOR SINCE: 2019 COMMITTEES: CC, EC, NGC, RC Ms. Lockett is the CEO of LEAP-X, an education innovation lab that designs and creates solutions for the future of learning. Ms. Lockett is the Founder of LEAP Innovations, which connects schools and tech companies from across the nation to scale learning innovations in classrooms. Prior to her role with LEAP, she served as the founding CEO of New Schools for Chicago, a venture philanthropy that invested in the start-up of 80 new public schools. Ms. Lockett previously served as the executive director of Civic Consulting Alliance, a pro-bono consulting firm for government agencies, and led key projects that shaped the Chicago Transit Authority's $2.8 billion capital improvement program, and the Chicago Housing Authority's $1.5 billion Plan for Transformation. Ms. Lockett has held sales and marketing roles with IBM, Kraft Foods, and General Mills. Ms. Lockett serves as a director of the Federal Home Loan Bank of Chicago (Chairperson of the Operations and Technology committee). Ms. Lockett is an advisor with GSV Ventures and is Chairman of Noble Schools, the largest charter high school network in Illinois. She is also a member of the Economic Club of Chicago, The Chicago Network, Commercial Club of Chicago, and a Henry Crown Fellow with the Aspen Institute.

William W. Hobert (WH) AGE: 62 DIRECTOR SINCE: 2018 COMMITTEES: CHOC Mr. Hobert founded WH Trading, LLC, a proprietary options and futures trading firm, in 1998. WH Trading serves as a market maker and liquidity provider in numerous asset classes at CME in both its open outcry and electronically traded markets. He is also a partner of Nirvana Brokerage Services LLC and Nirvana Technologies LLC and their companies. Nirvana Technology Solutions is a Chicago-based financial technology startup providing low-latency infrastructure for the trading community. Nirvana Brokerage Solutions is a CFTC registered introducing broker. From 1988 to 1994, Mr. Hobert worked for Cooper-Neff and Associates as an FX options market maker on the floor of CME and in over-the-counter markets. In 1994, he founded Hobert Trading Inc., which is currently a member of WH Trading, LLC. Mr. Hobert serves as a director of our political action committee and serves on the board of CME Securities Clearing Inc..

Daniel G. Kaye AGE: 71 DIRECTOR SINCE: 2019 COMMITTEES: AC, EC, RC Mr. Kaye served as Interim CFO and Treasurer of HealthEast Care System from 2013 to 2014. Prior to joining HealthEast, Mr. Kaye spent 35 years with Ernst & Young LLP, from which he retired in 2012. Throughout his time at Ernst & Young, where he was an audit partner for 25 years, Mr. Kaye enjoyed a track record of increasing leadership and responsibilities, including serving as the New England Managing Partner and the Midwest Managing Partner of Assurance. Mr. Kaye serves on the compensation and workplace practices committee of Alliance Bernstein and on the audit (Chair) and nomination and governance committee (Chair) committees of Equitable Holdings, Inc. (formerly AXA Equitable Holdings). He served as a director of Ferrellgas Partners LP (2012 to 2015). Mr. Kaye is a CPA and NACD Board Leadership Fellow.

Howard J. Siegel AGE: 69 DIRECTOR SINCE: 2000 COMMITTEES: CHOC, EC, RC Mr. Siegel has been a member of CME since 1977. In 1978, Mr. Siegel began his trading career at Moccatta Metals in their Class B arbitrage operations and served as an order filler until 1980. From there, he went on to fill orders and trade cattle from 1980 until 1982. At that time, Mr. Siegel became a partner and an officer in a futures commission merchant that cleared at CME until selling his ownership interest in 1990. For more than 35 years, Mr. Siegel has been an independent trader on our CME exchange. He continues to actively trade electronically in our agricultural product suite. Mr. Siegel is a member of the board and the Secretary and Treasurer of the CME Group Foundation. Mr. Siegel chairs our clearing house oversight committee and serves on the board of CME Securities Clearing Inc.

Rahael Seifu AGE: 44 DIRECTOR SINCE: 2020 COMMITTEES: CC, EC, MROC, NGC Since November 2022, she has served as Director, Legal at Google LLC, where she leads a team of lawyers supporting products, systems, and internal functions that enable Google services, create seamless and privacy-protected experiences for users, and power Google's consumer support ecosystem. At Google, she previously served as Associate Corporate Counsel from April 2014 to June 2016, Corporate Counsel from June 2016 to May 2019, and Senior Counsel from May 2019 to November 2022. During her tenure as Senior Counsel at Google, Ms. Seifu was the first acting Chief of Staff for the Legal Department. Prior to joining Google, Ms. Seifu was a Corporate Associate at Morrison & Foerster LLP from 2013 to 2014, where she focused on mergers and acquisitions and provided corporate governance guidance for public company boards and special committees. Ms. Seifu worked from 2008 to 2013 as a Corporate Associate at Davis Polk & Wardwell LLP, where she focused on mergers and acquisitions, investments, and various other corporate transactions. She also advised clients on regulatory compliance, securities law reporting, and corporate governance matters. Immediately following graduation from Yale Law School, Ms. Seifu served as a law clerk to the Honorable George B. Daniels of the Southern District of New York.

Deborah J. Lucas AGE: 67 DIRECTOR SINCE: 2018 COMMITTEES: AC, CHOC, FC, MROC Ms. Lucas has served as the Sloan Distinguished Professor of Finance at the MIT Sloan School of Management since 2011 and as the Director of the MIT Golub Center for Finance and Policy from 2012. Her current research focuses on government financial institutions and financial policy, and she teaches on futures and options, and fixed income securities and derivatives. She serves on an advisory board for the Urban Institute. She is a trustee of the NBER pension plans, an associate editor for the Annual Review of Financial Economics and a member of the Shadow Open Market Committee. During 2025, Ms. Lucas was a visiting scholar at the International Monetary Fund. Previous appointments include assistant and associate director at the Congressional Budget Office; professor at Northwestern University's Kellogg School; chief economist at the Congressional Budget Office; and senior staff economist at the Council of Economic Advisers. She serves on the board of P/E Investments, a privately held company, and of NatureServe, a non-profit company. She has been an independent director on several corporate and non-profit boards, including the Federal Home Loan Bank of Chicago.

Martin J. Gepsman AGE: 73 DIRECTOR SINCE: 1994 COMMITTEES: CHOC, NGC Mr. Gepsman served as Secretary of the board from 1998 to 2007. He has been a member of CME for more than 35 years. Mr. Gepsman has also been an independent floor broker and trader since 1985. Mr. Gepsman currently serves as Chairman of our business conduct, membership and floor conduct committees and the CME Gratuity Fund. During his board tenure at CME, he served as a member on the compensation, strategic steering, executive, clearing house oversight, ethics and arbitration committees. Mr. Gepsman has also held board positions, including a Chairman's role, at the company's former foreign exchange subsidiaries. Mr. Gepsman currently serves as Secretary and Treasurer of our political action committee. Mr. Gepsman also serves on the membership appeals committee with the National Futures Association. He was a member of the CBOE from 1982 to 1985

Patrick J. Mulchrone (PJM) AGE: 68 DIRECTOR SINCE: 2020 COMMITTEES: AC, CHOC, FC Mr. Mulchrone has been a member of CME since 1980. He also served as a member of our board from 1991 to 2001, including holding the position of Vice Chairman. Mr. Mulchrone served as a filling order broker in the Eurodollar pit until 2004. Mr. Mulchrone has been an independent trader from 2004 to present. Mr. Mulchrone is a founder of Advantage Futures (2003). He served as a member of the board of directors of Standard Bank and Trust until its sale in 2017. Mr. Mulchrone serves on the Board of Advisors of Misericordia Home. He serves as a Co-Vice Chair of our political action committee and has served on the Class B-2 nominating committee. Mr. Mulchrone received a B.S. in Accounting from Western Illinois University.

Kathryn Benesh AGE: 66 DIRECTOR SINCE: 2023 COMMITTEES: AC, MROC, RC Ms. Benesh retired from Deloitte in 2021 with 40 years of providing audit, assurance and advisory services to public and private companies within the energy, public utility, renewables, construction, manufacturing, and financial services industries. She also served as secretary and a board member of Deloitte & Touche LLP from 2004 to 2017, the board which had purview over the professional aspects of the audit & assurance practice. Through her career at Deloitte, she has gained experience with sustainability matters and responses required for cyber incidents. Ms. Benesh is a CPA and current member of the AICPA. Ms. Benesh is active in the community in both Detroit and New York supporting multiple non-profit organizations, including serving on the Board of the Marygrove Conservancy. She is a member of the board of the CME Group Foundation.

Elizabeth A. Cook (LZY) AGE: 65 DIRECTOR SINCE: 2015 COMMITTEES: AC, CC Ms. Cook has been a member of CME since 1983. She began her career in the futures industry in 1978 as a runner for Clayton Brokerage Inc., developing early, hands-on experience in market operations and trading environments. She currently serves on the board's audit and compensation committees and actively participates as co-chair of the CME arbitration and floor conduct committees. She also serves on the board of the CME Gratuity Fund and is a member of CME's membership and business conduct committees, as well as the CME political action committee. Ms. Cook is the founder and owner of MiCat Group LLC, a firm specializing in options execution services focused on equities, foreign exchange, and interest rates. She also serves as president of Lucky Star LLC, a commercial property management company. Ms. Cook serves as President of WILD Gives Back and on the board of trustees of Associated Colleges of Illinois. She is a NACD Governance Fellow and has completed the NACD Director Professionalism course. Additional affiliations include membership in Business Executives for National Security, service as an Ambassador of the Navy SEAL Foundation, and ambassadorship with ALS United Greater Chicago Chapter. She is also an active supporter of Honor Flight Chicago. Ms. Cook has participated in numerous risk and audit educational programs and brings extensive risk management experience gained through decades of active participation in global financial markets.

Patrick W. Maloney (PAT) AGE: 64 DIRECTOR SINCE: 2020 COMMITTEES: RC, FC Mr. Maloney has been a member of CME since 1985. Mr. Maloney has served as an independent floor broker in the SOFR option pit (formerly Eurodollars) from 2007 to present. Mr. Maloney has served on numerous CME functional committees: pit committee 1997-1999, nominating committee 1995-1996, arbitration committee 1994-1995, booth space committee 1992-1996, floor practices committee 1995-1997 and SOFR pit committee Chairman 2022 to present. Mr. Maloney serves as a director of our political action committee.

Harold Ford Jr. AGE: 55 DIRECTOR SINCE: 2023 COMMITTEES: CC, FC Mr. Ford served in Congress for 10 years, from 1997 to 2007. Mr. Ford represented Tennessee's 9th congressional district and was a member of the House Financial Services, Budget and Education committee during his time in Congress. He was appointed in January 2023 to serve as the Regional President for the New York City market for PNC Financial Services Group, where he has served as Vice Chairman, Corporate and Institutional Banking from 2020. Prior to joining PNC, Mr. Ford spent more than 10 years in investment banking with Merrill Lynch and Morgan Stanley. Mr. Ford has also taught public policy at Vanderbilt University and the University of Michigan, is a co-host of The Five and is a frequent contributor to Special Report with Bret Baier. He served on the advisory board of One River Asset Management from 2021 until March 2023. Mr. Ford previously served as the non-executive chairman of Rx Saver during 2019 and 2020, a patient driven prescription drug saving technology platform. Mr. Ford also is affiliated with a number of non-profit organizations.

Mr. Dennis has served as Senior Managing Director, Global Head of Fixed Income since August 2024 and in his role is responsible for leading our SOFR and U.S. Treasuries business and BrokerTec. Prior to joining CME Group, Mr. Dennis served as the Chief Commercial Officer for ABN AMRO Clearing USA LLC, one of CME Group's largest global futures clearing firms. Mr. Dennis previously served on the CME Group Board of Directors from May 2020 to July 2024.

Mr. Tobin has served as Managing Director and Chief Accounting Officer since 2015. Mr. Tobin most recently served as our Managing Director, Corporate Finance since 2007. Prior to our merger with CBOT Holdings, Mr. Tobin served as the Director, Corporate Finance for CBOT Holdings and CBOT from 2002 to 2007. Prior to joining CBOT, Mr. Tobin served as a principal consultant with PricewaterhouseCoopers from 1997 to 2002. Mr. Tobin is a registered certified public accountant. Jack Tobin, will be appointed to the role of Managing Director, Deputy Chief Financial Officer as of November 2, 2026.

Mr. McCourt has served as Senior Managing Director, Global Head of Equities, FX and Alternative Products since August 2024. He previously served as Global Head of Financial and OTC Products since June 2023. Before that he was the global head of Equity and FX Products. He is responsible for leading the development and execution of the company's global equity index, foreign exchange, cryptocurrency and alternative investment product strategies. He also serves on the S&P Dow Jones Indices U.S. Advisory Panel. Before joining CME Group in 2013 as Global Head of Equity Products, Mr. McCourt worked for the Royal Bank of Scotland (RBS), where he was responsible for building and managing the Americas Index and Delta One trading book. Prior to RBS, he held a senior trading role with JPMorgan in New York, spending 10 years with the Equity Derivatives Group.

Mr. Vroman has served as our Chief Transformation Officer since November 2021. He previously served as Senior Managing Director, International and Optimization Services since February 2020 and as our Senior Managing Director, Cash Markets and Optimization Service since 2018. Since joining the company in 2001, he has held a variety of senior leadership roles, including Managing Director, Planning and Execution; Global Head, Commodity Products and OTC Solutions, and Managing Director and Chief Corporate Development Officer.

Ms. Sprague has served as our Chief Operating Officer and Global Head of Clearing since November 2024. She previously served as Senior Managing Director & Global Head of Clearing and Post-Trade Services for CME Group since February 2022. She joined the company in 2002 and has held numerous roles and leadership positions in financial management and risk management since that time. During her tenure, she has played a key role in the company's development of risk management policy. From 2015 to 2022, she served as Managing Director, Credit & Liquidity Risk, Risk Policy & Banking, overseeing our clearing house's exposure to counterparty credit risk, liquidity risk management and financial performance, acceptable collateral and collateral services, risk management policies and procedures, financial operations, and banking.

Mr. Marcus has served as our Senior Managing Director and General Counsel since October 2022. Prior to joining CME Group, Mr. Marcus most recently worked in private practice as a partner at Reed Smith LLP, where he specialized in derivatives regulation, litigation and enforcement. He previously served as General Counsel of the CFTC from 2013 to 2017. Mr. Marcus also served as the CFTC's Deputy General Counsel for Litigation and as an Assistant to the Solicitor General of the United States. His career also includes senior roles at other nationally recognized law firms and he began his career as a clerk for Judge Jose Cabranes of the U.S. Court of Appeals for the Second Circuit.

Ms. Piell has served as our Chief Human Resources Officer since 2007. A practicing attorney for fifteen years, Ms. Piell previously held positions of increasing responsibility in our Legal & Market Regulation division, most recently as Managing Director and Senior Associate General Counsel. Prior to joining CME Group in 2000, Ms. Piell served as Associate Commercial Counsel at MCI Telecommunications (1996-2000) and Associate Litigation Attorney at Jenner & Block (1992-1996). Her career also includes service as a clerk for a judge of the U.S. District Court for the Northern District of Illinois.