IntercontinentalExchange Says NYSE Group CEO Duncan Niederauer To Retire

(RTTNews) - IntercontinentalExchange Group (ICE) announced that, in light of the rapid integration of ICE and NYSE, Duncan Niederauer, CEO of NYSE Group and Co-President of ICE, has accelerated his planned departure. However, Niederauer will continue as President of ICE, contributing to the companies' integration, through August 2014.

Niederauer served as CEO of NYSE Euronext from 2007 through late 2013, when the acquisition by ICE was completed.

IntercontinentalExchange stated that Thomas Farley, the COO of the NYSE and former ICE Futures U.S. President, will succeed Niederauer, taking the title of President of NYSE Group, effective immediately.