CME Group Inc. (CME:US) Chief Executive Officer Craig Donohue retired effective yesterday, leaving the world’s largest futures market ahead of schedule, the company said today in a regulatory filing.
Donohue, 50, said last week on a conference call with analysts that the transition to promote President Phupinder Gill to the CEO role was going faster than planned, with a formal hand-off possible by the May 23 annual shareholder meeting.
Donohue, who has run the Chicago-based company for the past eight years, announced last month his plan to retire in December when his contract expires.
“The transition has gone very well and everyone is ready to move on and into their new roles so we have been able to expedite the official date,” Anita Liskey, a CME spokeswoman, said in an e-mail.
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