It is the first time in the 226-year history of the NYSE that a woman has been appointed to the helm. Cunningham will take over from Thomas Farley on Friday.
Cunningham, currently the Chief Operating Officer of the NYSE Group, began her career as a floor clerk on the NYSE trading floor in 1996. The appointment represents a giant leap for women and for the industry.
John Tuttle, currently the NYSE’s Global Head of Listings will become Chief Operating Officer of NYSE Group. Tuttle, who joined the NYSE in 2007, will lead NYSE’s Global Listings, Capital Markets, and Exchange Traded Products businesses.
“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,” said Jeff Sprecher, Chairman and CEO of Intercontinental Exchange and Chairman of NYSE Group and the New York Stock Exchange.
“More than a half century after Muriel Siebert became the first woman to own a seat on the NYSE, Stacey represents a new generation of leadership for the NYSE Group. I’m confident that Stacey, who started as a summer intern on the NYSE floor in 1994, will continue to propel this vital institution forward. Stacey and our team are steadfastly committed to ensuring that the U.S. remains the center of world’s capital markets,” added Sprecher.