NYSE Appoints First Female President In Its 226-Year-Old History

The New York Stock Exchange has named its first female leader in the history of the 226-year-old. Stacey Cunningham (42) will become its 67th President. She’s currently NYSE’s Chief Operating Officer. And will take over her new post on Friday.

Tom Farley to leave NYSE, Stacey Cunningham to become first female leader of NYSE- WSJ exclusive with @bradleyhope https://t.co/lV4kUvcP4k

— Alexander Osipovich (@aosipovich) May 22, 2018

Here's why you should know more about her:

The first time Cunningham worked with NYSE was in 1994. She was interning as a trader on the floor. From 1996 to 2005, Stacey worked at the exchange as a floor specialist for Banc of America Specialist Inc.

She later joined Nasdaq as an executive only to return to NYSE in 2012. Nasdaq is the second-largest exchange in the world by market capitalization, behind only the New York Stock Exchange. She eventually was promoted to the post of the chief operating officer in 2015. During her tenure she managed the company's cash equities markets, relationship management, product management, and NYSE governance services.

As per reports, with Cunningham taking charge of NYSE, two of the world’s best-known stock-exchange operators, NYSE Group and Nasdaq Inc., will have women at the helm. Earlier, in January 2017 Adena Friedman took over Nasdaq as the chief executive.

A graduate in B.S. in Industrial Engineering from Lehigh University, Cunningham has been the Head of NYSE Transaction Businesses since March 8, 2017. She served as the Vice President of Relationship Management, Global Sales at NYSE Holdings LLC since December 10, 2012. Also, as the President of NYSE Governance Services at NYSE Holdings LLC. since October 2014.

Cunningham also served as Head of Sales & Relationship Management at NYSE, where she managed the sales team for U.S. cash equities and options markets.

Speaking to the Wall Street Journal, Cunningham said that she “loved the place right out of the gate” and now she’s “excited to be running it.”

Cunningham succeeds Thomas Farley, who came to the NYSE in November 2013. Farley has announced he’s leaving Atlanta-based Intercontinental Exchange to lead a new special-purpose acquisition company backed by Dan Loeb’s Third Point LLC, as per the Wall Street Journal.

Also read : Say Hello To NYPD’s First Woman Sikh Police Officer

Picture Credit : Bloomberg  News

Malvika Bansal is an intern with SheThePeople.Tv