Intercontinental Exchange has made sweeping changes to its top management, including the two most senior positions at the New York Stock Exchange.
Stacey Cunningham, who became the first woman to lead the NYSE in 2018, will step aside as president. Jeff Sprecher, ICE’s co-founder and chief executive, will relinquish his role as chair of the NYSE, which he has held since ICE bought the Big Board in 2013 for $8.2bn.
In an email to staff on Monday, Sprecher said the changes were the widest-ranging in ICE’s 21-year history and were intended to allow a new generation of executives to gain more experience as the group enters its third decade.
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