CME Group CEO Terry Duffy to step down March 1, 2027
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IN SHORT
CME Group and AT&T are both set to see significant leadership changes in early 2027. At CME Group, CEO Terry Duffy will transition to Executive Chairman on March 1, 2027, with President and CFO Lynne Fitzpatrick taking over as CEO. Meanwhile, AT&T's CFO Pascal Desroches will retire at the end of 2026, and Jennifer Biry, currently Deputy CFO, will assume the CFO role on January 1, 2027. Biry previously served as CFO of McAfee.
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Key Numbers
March 1, 2027CME Group CEO transition date
January 1, 2027AT&T CFO transition date
July 6, 2026Jennifer Biry appointed AT&T Deputy CFO
Who's Involved
Terry Duffy
outgoing CEO of CME Group transitioning to Executive Chairman
CME Group
company announcing CEO and executive leadership changes
Lynne Fitzpatrick
incoming CEO of CME Group and current President and CFO
AT&T
company announcing CFO transition
Pascal Desroches
outgoing CFO of AT&T retiring at end of 2026
Jennifer Biry
incoming CFO of AT&T and current Deputy CFO
McAfee
company where Jennifer Biry previously served as CFO
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Key facts
CME Group CEO Terry Duffy will step down on March 1, 2027.
Terry Duffy will become Executive Chairman of CME Group.
Lynne Fitzpatrick will become the new CEO of CME Group.
Lynne Fitzpatrick is currently President and CFO of CME Group.
Lynne Fitzpatrick will join the CME Group board.
AT&T CFO Pascal Desroches will retire at the end of 2026.
Jennifer Biry will succeed Pascal Desroches as AT&T CFO on January 1, 2027.
Jennifer Biry was appointed AT&T Deputy CFO on July 6, 2026.
Jennifer Biry previously served as CFO of McAfee.
Two major U.S. companies, CME Group and AT&T, have announced upcoming leadership transitions scheduled for early 2027. CME Group's current CEO, Terry Duffy, is slated to step down from his role on March 1, 2027. He will transition to the position of Executive Chairman. Succeeding Duffy as CEO will be Lynne Fitzpatrick, who currently holds the dual roles of President and CFO. Fitzpatrick will also join the CME Group board of directors.
In parallel, AT&T is preparing for a change in its chief financial officer position. Pascal Desroches, the current CFO, is scheduled to retire at the conclusion of 2026. Jennifer Biry has been named to succeed Desroches, taking on the CFO responsibilities effective January 1, 2027. Biry's appointment follows her recent role as Deputy CFO at AT&T, a position she assumed on July 6, 2026. Prior to joining AT&T, Biry served as the CFO of McAfee.
↳ Why This Matters
Two major U.S. companies, CME Group and AT&T, have announced upcoming leadership transitions scheduled for early 2027. CME Group's current CEO, Terry Duffy, is slated to step down from his role on March 1, 2027. He will transition to the position of Executive Chairman. Succeeding Duffy as CEO will be Lynne Fitzpatrick, who currently holds the dual roles of President and CFO. Fitzpatrick will also join the CME Group board of directors.
Frequently asked questions
Terry Duffy will step down as CEO of CME Group on March 1, 2027.
Terry Duffy will transition to the role of Executive Chairman.
Lynne Fitzpatrick, currently President and Chief Financial Officer, will be appointed CEO.
Terry Duffy has been at the helm of CME Group for more than 25 years, serving as Chairman and CEO.
What Happens Next
01Terry Duffy will transition to Executive Chairman on March 1, 2027.
02Lynne Fitzpatrick will be appointed CEO on March 1, 2027.
03Fitzpatrick will join the CME Group Board of Directors on March 1, 2027.
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