What You Need to Know
- Lynn Martin will become the second female president of the NYSE; board member Sharon Bowen will become chair.
- The new appointments are part of a greater overhaul of ICE management.
- ICE founder, Chairman and CEO Jeff Sprecher said the changes are a response to an evolving marketplace.
The New York Stock Exchange has named Lynn Martin its 68th president, effective Jan. 3, 2022, as part of a broader leadership shake-up that also includes a new chairwoman, Sharon Bowen.
Bowen is a board member of the NYSE and Intercontinental Exchange, its parent company. She formerly served on the Commodity Futures Trading Commission and will replace Jeffrey Sprecher, who currently serves as chairman of the NYSE and ICE, its parent company.
Martin, who heads the fixed income and data services segment of ICE, will succeed Stacey Cunningham, the first female president of the NYSE, who will move on to the NYSE board of directors.
Martin will oversee the exchange as well as the entire NYSE Group, which also includes four fully electronic stock exchanges — NYSE Arca, the industry leader in ETFs; NYSE American, NYSE Chicago and NYSE National — and two options exchanges, NYSE American Options in New York and NYSE Arca Options, based in San Francisco. She will continue to serve as chair of ICE Fixed Income and Data Services as Amanda Hindlian, the current global head of capital markets at the NYSE, becomes its president.