CME CEO Terry Duffy to step down in early 2027, Fitzpatrick to take over; shares fall

CME

Today 13:53

** Shares of exchange operator CME Group CME.O fall 3.33% to $252.88 in premarket trading
** Co says longtime CEO Terry Duffy will step down on March 1 next year, and transition to the role of executive chairman
** CFO Lynne Fitzpatrick will take over as the co's next CEO and will join the board after Duffy relinquishes charge
** Duffy has served as CME's chairman since 2002 and CEO from 2016
** Under Duffy's leadership, CME transitioned from floor-based to electronic trading and became the first U.S. exchange to go public
** As of last close, stock down 4.2% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))