Woman to lead New York Stock Exchange for first time

By Sara Shayanian  |  May 22, 2018 at 10:07 AM
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May 22 (UPI) -- The Intercontinental Exchange named a woman to serve as president of the New York Stock Exchange Tuesday, for the first time in its 226-year history.

Stacey Cunningham, who currently serves as the chief operating officer of the NYSE Group, will become the 67th president of the exchange, succeeding Thomas Farley, the Intercontinental Exchange, which owns the New York Stock Exchange, said in a statement.

"Since the moment I stepped onto the trading floor, the NYSE has always held a special place in my heart," Cunningham said on Twitter. "I am humbled and honored to have the opportunity to lead this organization."

John Tuttle, currently the NYSE's Global Head of Listings, was also promoted to chief operating officer of NYSE Group. Tuttle joined the NYSE in 2007.

Cunningham, 43, first worked at the NYSE as an intern in the summer of 1994 while she was studying industrial engineering at Lehigh University. Two years later, she started working on the NYSE floor as a clerk.

Both Cunningham and Tuttle will start in their new roles Friday.

"More than a half-century after Muriel Siebert became the first woman to own a seat on the NYSE, Stacey represents a new generation of leadership for the NYSE Group. I'm confident that Stacey, who started as a summer intern on the NYSE floor in 1994, will continue to propel this vital institution forward," Jeff Sprecher, chairman and CEO of Intercontinental Exchange and Chairman of NYSE Group, said.

"Stacey and our team are steadfastly committed to ensuring that the U.S. remains the center of world's capital markets."

Tuttle tweeted he "couldn't be more excited" for Cunningham.

"Exciting times ahead for NYSE and our partners!" Tuttle said on Twitter.

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