CME chief Terry Duffy back at work after collapsed lung – Finance News

on Jun13

13 June 2017 | 2:52 pm

(Bloomberg)—CME Group Chairman and CEO Terry Duffy is back at work after recovering from a collapsed lung, according to the company, operator of the world’s largest futures exchange.

A CME director announced Duffy’s illness May 24 at the company’s annual shareholders meeting to explain his absence. A spokeswoman for the Chicago-based company said yesterday that Duffy returned to the office last week.

Duffy didn’t appear June 8 at an industry conference hosted by Sandler O’Neill & Partners in New York, with Chief Financial Officer John Pietrowicz speaking in his place. “We expect him back and strong,” Sandler O’Neill analyst Richard Repetto said of Duffy when introducing Pietrowicz.

Duffy, 58, in December added the CEO title to his chairman role. At $43 billion in market capitalization, CME is the world’s largest exchange owner. Its stock rallied for a fifth straight day today, an advance fueled by increased trading at the exchange amid the U.K. elections and falling oil prices.



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