Intercontinental Exchange Announces the Retirement of Chief Financial Officer Scott A. Hill Following 14 Years of Distinguish...
March 02 2021 - 4:15PM
Business Wire
Warren Gardiner, Currently ICE’s Head of
Investor Relations, to Succeed Hill as CFO
Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator
of global exchanges and clearing houses and provider of mortgage
technology, data and listings services, announced that Chief
Financial Officer Scott Hill plans to retire on May 14, 2021,
capping a 14-year career at ICE that saw the firm expand
consistently through organic growth and acquisitions, delivering a
compound annual growth rate in adjusted earnings per share of 16%
during Hill’s tenure. Warren Gardiner, ICE’s Vice President of
Investor Relations, will assume the CFO role following ICE’s 2021
Annual Meeting of Shareholders on May 14. Mr. Hill will continue to
serve as an advisor to the company through February 2023.
“Scott joined ICE in 2007, shortly after our IPO, providing
strong and steady leadership over the financial management of the
company and yet, from his first days at the company to today, he
has delivered so much more as a visionary for our growth, steward
of our culture, and mentor to many who have joined us on our
remarkable journey,” said Jeffrey Sprecher, Founder, Chairman and
CEO of Intercontinental Exchange. “I am personally grateful to
Scott for his measured and wise counsel over the years and, as a
firm, we have all benefitted from his broad expertise and tireless
service, and we’re glad that he will remain with us to assist in a
smooth transition as Warren Gardiner assumes his duties as
CFO.”
At ICE, Mr. Hill has led all aspects of the company’s finance
and accounting functions, treasury, tax, audit and controls, human
resources and investor relations. As the company expanded into new
products and geographies, Mr. Hill also played an integral role in
mergers and acquisitions and, at various times during his tenure,
provided operational leadership in global clearing and other areas
of the business. Mr. Hill arrived at ICE from IBM, were he served
for 16 years in accounting, financial and strategy leadership
positions in the U.S., Europe and Japan. A native of Texas, Mr.
Hill earned a BBA in Finance from the University of Texas in Austin
and an MBA from NYU’s Stern School of Business.
Since 2017, Warren Gardiner has led ICE’s award-winning investor
relations program. During his tenure at ICE, Mr. Gardiner has also
played an integral role in business development, as well as
financial planning and analysis. In his expanded role as CFO,
Warren will lead ICE’s finance, accounting, treasury, tax and audit
functions, as well as investor relations. Mr. Gardiner joined ICE
from Evercore ISI, where he served as a senior research analyst
covering the U.S. exchanges and Financial Information sector. Mr.
Gardiner holds a B.A. in Managerial Economics from Union College
and is a CFA charter holder.
“Since joining ICE, Warren has worked closely with Scott and his
team to further enhance both our financial reporting and
communications to our stakeholders,” said Jeff Sprecher. “As we
continue to grow, his intimate knowledge of our industry, business,
and culture has positioned him well to expand his responsibilities
and to help us build on the track record of outstanding returns for
which ICE has always been known.”
Mr. Gardiner’s appointment as CFO is effective as of May 15,
2021. Mr. Hill will actively assist with the CFO transition through
the end of the year and will remain an advisor through February
2023.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500
company and provider of marketplace infrastructure, data services
and technology solutions to a broad range of customers including
financial institutions, corporations and government entities. We
operate regulated marketplaces, including the New York
Stock Exchange, for the listing, trading and clearing of
a broad array of derivatives contracts and financial securities
across major asset classes. Our comprehensive data services
offering supports the trading, investment, risk management and
connectivity needs of customers around the world and across asset
classes. As a leading technology provider for the U.S. residential
mortgage industry, ICE Mortgage Technology provides the
technology and infrastructure to transform and digitize U.S.
residential mortgages, from application and loan origination
through to final settlement.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2020, as
filed with the SEC on February 4, 2021.
ICE-CORP Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20210302006108/en/
ICE Media Contact: Josh King Josh.King@ice.com
212-656-2490
ICE Investor Contact: Warren Gardiner
Warren.Gardiner@ice.com 770-835-0114
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