CHICAGO, March 13 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced the appointment of Kendal Vroman as Managing Director and Chief Corporate Development Officer, reporting to CME Group President Phupinder Gill. Vroman will succeed John P. Davidson III, who has resigned to pursue other opportunities. Davidson will remain with the company for a transition period.
Vroman, 36, will join the company's Management Team and will oversee the company's corporate development team, with oversight of strategic planning, business development and information products management.
"Ken Vroman has played a critical leadership role in every major strategic growth initiative that CME Group has undertaken over the past seven years. His expertise and knowledge of our business will be a great asset to this high-performing corporate development team," said CME Group Chief Executive Officer Craig S. Donohue. "We thank John for his distinguished service and wish him well, and we look forward to working with Ken to pursue our global growth strategy going forward."
Vroman previously served as Managing Director, Corporate Development and Managing Director, Information and Technology Services. He has led strategic planning efforts throughout his CME Group career, and he also developed the company's first program management function. Vroman played a key leadership role in integration planning associated with the CME/CBOT merger in 2007, the historic CME/CBOT clearing agreement in 2003-4 and the company's initial public offering in 2002.
Prior to joining the company in 2001, Vroman served as Vice President, Corporate Operations/Chief of Staff to the Chief Executive Officer for marchFIRST Inc. where he was responsible for executive level project management, including integration of staff and operations in connection with the USWeb/CKS and Whittman-Hart merger. Vroman also served as Principal for Whittman-Hart's Collaborative Technologies Group and worked as a Senior Consultant for Andersen Consulting LLP's Americas Information Systems Division.
He earned a bachelor's degree in applied computer science from Illinois State University and a master's of management degree, with emphasis in finance and marketing, from the J.L. Kellogg School of Management at Northwestern University.
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME."
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