NYSE shakes up leadership as Cunningham steps down

Intercontinental Exchange announced a series of leadership changes, including naming Lynn Martin as president of the New York Stock Exchange to replace current head Stacey Cunningham.

Martin, 45, will become the third woman to lead the New York Stock Exchange after Cunningham steps aside and joins the board of directors, the company said in a letter sent to employees Monday. ICE also named Sharon Bowen as the next chair of NYSE, replacing Jeff Sprecher, ICE’S current chairman and CEO.

Martin will officially step into her new role as president on Jan. 3, according to a posting on the company’s website.

Cunningham, 47, is a senior female banker and was the 67th president of the NYSE, where she was once an intern. She held roles in management including chief operating officer, and took over as president in 2018.