CME Group names Jack Tobin as CFO, succeeding Lynne Fitzpatrick

Key facts

• Jack Tobin has been named Chief Financial Officer of CME Group.
• Lynne Fitzpatrick will become the first female CEO of CME Group.
• Tobin's transition to CFO is scheduled for March 2027.
• Tobin joined CME in 2002 and has over 35 years of financial experience.
• Matthew Render will succeed Tobin as deputy chief accounting officer.

CME Group has appointed Jack Tobin as its new Chief Financial Officer, effective March 2027. Tobin, who has been with the derivatives exchange since 2002 and served as chief accounting officer since 2015, will succeed Lynne Fitzpatrick. Fitzpatrick is slated to become CME's first female CEO, taking over from Terry Duffy, who plans to step down. Tobin's transition to CFO will be preceded by a period as deputy CFO starting in November. The leadership changes occur as traditional derivatives exchanges face increasing competition from newer market formats. Matthew Render will succeed Tobin as deputy chief accounting officer. CME Group's shares have seen a gain of over 1% this year.