Benzinga | Dec 6, 2021 08:11AM EST

Intercontinental Exchange Announces Senior Leadership Changes

Here are some of the noteworthy changes you'll see as we head into the new year:

* At the New York Stock Exchange, Sharon Bowen, an ICE and NYSE Board Member, one of the nation's leading finance and securities lawyers, and formerly a Commissioner of the Commodity Futures Trading Commission (CFTC), will become the next Chair of the NYSE. In addition, Lynn Martin, currently President, ICE Fixed Income and Data Services, has been appointed the next President of the NYSE, succeeding Stacey Cunningham, who is beginning a new chapter in her career and will join the Board of Directors of the NYSE. I'll share more thoughts on Stacey at the end of this note.

* Lynn will lead the NYSE with a knowledgeable, collaborative, and outstanding team of executives, including Michael Blaugrund, the Exchange's Chief Operating Officer, and John Tuttle, its Vice Chairman and Chief Commercial Officer. In addition, Hope Jarkowski, formerly the Co-head of Government Relations at ICE and currently the NYSE's Head of Equities, will become its General Counsel, replacing Elizabeth King who, you'll note below, is taking on additional ICE-wide responsibilities.

* While Lynn assumes her new role at 11 Wall Street, she will continue to serve as Chair of ICE Fixed Income and Data Services to help guide that business as Amanda Hindlian, currently the Global Head of Capital Markets at the NYSE, becomes its new President. The global business that Amanda will now lead includes our evaluated pricing business, which prices nearly 3 million securities daily, and our rapidly growing index business. As this business continues to expand, Mark Heckert, the Chief Product Officer of ICE Fixed Income and Data Services, will add leadership of the index and desktop areas of the segment as he broadens his duties.

* Turning to ICE as a whole, Mark Wassersug, ICE's Chief Operating Officer, will transition to a new role as the company's Chief Information Officer, overseeing our industry leading technology implementations across our growing business and working closely with Mayur Kapani, ICE's Chief Technology Officer. As Mark moves into this position, Stuart Williams will succeed him as Chief Operating Officer of ICE, reporting to ICE President Ben Jackson. Stuart, who is currently President of ICE Futures Europe, will remain in that post until a successor is identified and in place.

* As part of this transition of Stuart into a new role, Trabue Bland, currently President of ICE Futures U.S., will oversee all of ICE's Futures Exchanges, which will continue to report to Ben. Adding to Trabue's team, Jennifer Ilkiw, now the head of ICE Asia Pacific, will relocate to New York to serve as President of ICE Futures U.S.

* Rounding out the organizational changes, Elizabeth King, ICE's Chief Regulatory Officer, who will report to me, will add responsibilities for ICE ESG, our burgeoning product initiative around sustainable investing. Elizabeth will also oversee the NYSE's Board Advisory Council, which works with the CEOs of NYSE-listed firms to identify diverse candidates for boards of directors of venture-funded and newly public companies. In addition, Chris Edmonds, who also reports to me and has been leading our clearing businesses, will see his role expanding as Chief Development Officer for ICE, adding oversight of ICE's marketing and communications, in addition to his other duties.