CME Group Appoints Kendal Vroman Managing Director and Chief Corporate Development Officer
March 13 2008 - 6:02PM
PR Newswire (US)
CHICAGO, March 13 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, today announced the
appointment of Kendal Vroman as Managing Director and Chief
Corporate Development Officer, reporting to CME Group President
Phupinder Gill. Vroman will succeed John P. Davidson III, who has
resigned to pursue other opportunities. Davidson will remain with
the company for a transition period. Vroman, 36, will join the
company's Management Team and will oversee the company's corporate
development team, with oversight of strategic planning, business
development and information products management. "Ken Vroman has
played a critical leadership role in every major strategic growth
initiative that CME Group has undertaken over the past seven years.
His expertise and knowledge of our business will be a great asset
to this high-performing corporate development team," said CME Group
Chief Executive Officer Craig S. Donohue. "We thank John for his
distinguished service and wish him well, and we look forward to
working with Ken to pursue our global growth strategy going
forward." Vroman previously served as Managing Director, Corporate
Development and Managing Director, Information and Technology
Services. He has led strategic planning efforts throughout his CME
Group career, and he also developed the company's first program
management function. Vroman played a key leadership role in
integration planning associated with the CME/CBOT merger in 2007,
the historic CME/CBOT clearing agreement in 2003-4 and the
company's initial public offering in 2002. Prior to joining the
company in 2001, Vroman served as Vice President, Corporate
Operations/Chief of Staff to the Chief Executive Officer for
marchFIRST Inc. where he was responsible for executive level
project management, including integration of staff and operations
in connection with the USWeb/CKS and Whittman-Hart merger. Vroman
also served as Principal for Whittman-Hart's Collaborative
Technologies Group and worked as a Senior Consultant for Andersen
Consulting LLP's Americas Information Systems Division. He earned a
bachelor's degree in applied computer science from Illinois State
University and a master's of management degree, with emphasis in
finance and marketing, from the J.L. Kellogg School of Management
at Northwestern University. CME Group (http://www.cmegroup.com/) is
the world's largest and most diverse derivatives exchange. Formed
by the 2007 merger of the Chicago Mercantile Exchange (CME) and the
Chicago Board of Trade (CBOT), CME Group serves the risk management
needs of customers around the globe. As an international
marketplace, CME Group brings buyers and sellers together on the
CME Globex electronic trading platform and on its trading floors.
CME Group offers the widest range of benchmark products available
across all major asset classes, including futures and options based
on interest rates, equity indexes, foreign exchange, agricultural
commodities, and alternative investment products such as weather
and real estate. CME Group is traded on the New York Stock Exchange
and NASDAQ under the symbol "CME." CME-G DATASOURCE: CME Group
CONTACT: Media, Anita Liskey, +1-312-466-4613, or Laurie Bischel,
+1-312-648-8698, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web site: http://www.cmegroup.com/
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