Phupinder gill age
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Phupinder Gill
| Phupinder S. Gill | |
| Occupation | Former CEO of CME Group |
|---|---|
| Location | Chicago |
Phupinder S. Gill is a futures exchange and clearing executive who had a long career with the Chicago Mercantile Exchange and CME Group and most recently served as the CEO of the CME Group.
He was chief executive officer of CME Group from to the end of , when he officially retired from the post.[1] He was with the CME for 28 years.
In , Gill was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in to commemorate outstanding contributions to the futures and options community. [2]
Background[edit]
On November 11, , CME Group announced that Gill would retire from the organization and its board on December 31, [3]
The departure was announced just a year after he had renewed his employment contract to [4]
He took over the CEO position from Craig Donohue, who retired on May 1,
Gill was previously the president of CME Group, a position he held from July when CME and CBOT completed their merger until [5]
Prior to the merger, Gill served as the president and COO of CME Holdings and of CME starting on Jan. 1, Before that, he was a managing director and the president of
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CME Group CEO Phupinder Gill will retire at the end of the year, handing his title to Executive Chairman Terry Duffy in an unexpected move at the world's largest futures exchange operator.
The Chicago-based company made the announcement in a statement late today. Gill, 56, became CEO in May after former CEO Craig Donohue left following the collapse of a major CME client, MF Global, that shook the company in
CME provided little explanation for Gill's departure other than a quote from him in the statement saying “it is the right time for me to retire.” The statement said there weren't any strategic changes in the offing.
“Gill's retirement comes as a bit of a surprise, as he had been with the company since , and just last year had his employment contract extended through December 31, ,” Keefe Bruyette & Woods analyst Kyle Voigt said in a research note. Voigt didn't anticipate the stock would react much to the news because CME has a “deep bench” of executives.
Read more:
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• CME, Morningstar CEOs mull financial technology hub
• CME Group boosts top executives' pay
Bryan Durkin, who is currently chief commercial officer, will become president of CME, the st