Woman to lead NYSE after a span of 226 years

Woman to lead NYSE after a span of 226 years

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NEW YORK: The New York Stock Exchange for the first time in its 226-year history will be led by a woman.

Stacey Cunningham, a previously unknown figure kickstarted her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board.

That means that two of the world’s most well-known exchanges will be led by women. Adena Friedman became CEO of Nasdaq in early 2017.

“It’s exciting to take on the role of running this organization because it’s an institution and it has a lot of personal meaning to me, myself, you know so that’s really what I’ve been focused on,” Cunningham said Tuesday. “As a woman, I think it’s important to set new boundaries for everyone so that those who follow can continue to have more opportunity than existed before” she added.

Cunningham, who is the chief operating officer for the NYSE Group, becomes president on Friday, according to International Exchange, the NYSE’s parent company.

Current NYSE President Thomas Farley, is all set to leave so as to head a special purpose acquisition company.

 

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