NYSE announces Stacey Cunningham as first female president in its 226-year history

Business, Finance | Wed 23 May | Author – Business & Finance
Stacey Cunningham, NYSE

Stacey Cunningham will become the 67th president of the New York Stock Exchange (NYSE).

Cunningham will take over from Thomas Farley, who was Head of the NYSE Group since May 2014. Cunningham was previously Chief Operating Officer of the NYSE and John Tuttle will assume her role.

As our COO, Stacey Cunningham successfully managed our equities, equities derivatives and ETF businesses, distinguishing herself as a customer-focused leader who is respected across our industry.

—Jeff Sprecher, Chairman and CEO of Intercontinental Exchange and Chairman of NYSE Group and the New York Stock Exchange.

From floor clerk to CEO

Cunningham joined the Exchange 22 years ago as a floor clerk in 1996 and has held the positions of VP of Sales & Relationship Management, Head of Sales & Relationship Management and Chief Operating Officer, among others.

She has had a distinguished career in finance, being Vice-President, Specialist of Banc of America Specialist, Inc. for over eight-and-a-half years. Cunningham was also President of the NYSE Governance Services from November 2014 to March 2015.

Prior to this appointment her roles at the NASDAQ exchange included Director of Capital Markets, Managing Director of Transaction Services US and Head of Sales of Transaction Services US.

Challenges facing Cunningham

This appointment comes at a time where Wall Street is under increased pressure to incorporate more women within their ranks. Even with this appointment, the NYSE is still dominated by men. Of the 21 executives of Intercontinental Exchange Group (ICE), only four, including Cunningham, are women. In 2002, Catherine Kinney was made the first female co-president of the NYSE. At the time, however, the CEO or chairman held the most power with the New York Stock Exchange.

The NYSE’s incoming Chief Operating Officer

John Tuttle will take over as the NYSE’s new Chief Operating Officer. Tuttle was previously Global Head of Listings at the Exchange and joined in 2007. He will oversee the NYSE’s Global Listings, Capital Markets and Exchange Traded Products businesses.

John Tuttle, NYSE, stocks, exchange, markets

John Tuttle, NYSE (Photo: Nicole Pereira)

Sprecher said of Tuttle’s appointment: “John Tuttle’s track record at the NYSE over the past decade has helped drive continuous growth for our business since he joined the Exchange.”

At the NYSE’s eighth-annual Ireland Day on the 13th March, Tuttle was a keynote speaker, addressing the attendees on the pivotal link between Ireland and the US in enterprise relationships, investment and employment. Ireland Day is the only day dedicated to a country at the NYSE.