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Duncan Niederauer Resigns as New York Stock Exchange CEO

Duncan Niederauer Resigns as New York Stock Exchange CEO

By  | May 22, 2014
Last Updated: May 22, 2014 10:57 am
Chief Executive Officer, NYSE, Duncan Niederauer speaks during the 5th annual Executive Marketing Summit at the New York Stock Exchange on September 30, 2013 in New York City. (Ilya S. Savenok/Getty Images)
Chief Executive Officer, NYSE, Duncan Niederauer speaks during the 5th annual Executive Marketing Summit at the New York Stock Exchange on September 30, 2013 in New York City. (Ilya S. Savenok/Getty Images)

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NEW YORK— Citing a rapid integration with the IntercontinentalExchange Group, Duncan Niederauer will step down as CEO of the New York Stock Exchange immediately.
Thomas Farley, NYSE’s chief operating officer, will succeed Niederauer, taking the title of President of the NYSE Group.
Niederauer, 54, served as CEO of NYSE Euronext, the company that owns the New York Stock Exchange, from 2007 through late 2013. He will continue as president of ICE through Aug. 2, ICE said Wednesday. Niederauer had been expected to stay until the end of the year.
ICE, the futures exchange based in Atlanta, closed on its acquisition of the NYSE in November for about $8 billion in cash and stock.
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