Job moves

CME’s McNulty to step down


James McNulty, the president and chief executive of the Chicago Mercantile Exchange (CME), will step down when his contract expires at the end of the year, only 12 months since he guided the exchange through its successful initial public offering (IPO). Craig Donohue will take over as chief executive on January 1. Donohue, a 14-year CME veteran, will also fill the remainder of McNulty’s term as a CME board member, which runs until April 2005.

Donohue was made McNulty’s apparent

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