Global exchange and clearing house operator Intercontinental Exchange (NYSE:ICE) announced today the election of Ann Cairns and Duriya Farooqui to its Board of Directors, effective as of Friday 3 March 2017.
Ann Cairns, who has been President of International Markets for MasterCard since 2011, was appointed Chairperson of the ICE Clear Europe Board of Directors in early 2017, after the retirement of Sir Bob Reid.
Cairns has held other significant roles in financial services, including Managing Director of Financial Industry Advisory Services at Alvarez & Marsal in the UK, Chief Executive Officer of Transaction Banking at ABN AMRO in Amsterdam, and Chief Operations Officer of the eBusiness (GTS) at Citigroup, where she worked for 15 years. She holds a BSc in Pure Maths from Sheffield University and a Master’s Degree in Medical Statistics from the University of Newcastle-upon-Tyne.
As Executive Director of the Atlanta Committee for Progress, Duriya Farooqui heads a coalition of CEOs that focuses on the most critical issues facing the City of Atlanta, Georgia. Ms Farooqui, a former Principal at Bain & Company, has been involved in public management in Atlanta since 2010 and was appointed the City’s Chief Operating Officer in 2011.
Speaking about the election of the two new board members, Jeffrey C. Sprecher, ICE’s Chairman and Chief Executive Officer, said: “We are very pleased to welcome these strong leaders in their respective fields to our board of directors. Ann’s experience in international finance, public policy and governance, along with Duriya’s background in government and operations will bring valuable insights and expertise.”
Ms Cairns responded by saying, “I am delighted to join the board at this dynamic time of convergence of finance, markets, data and technology where ICE has demonstrated leadership on a global scale. I look forward to working with the board as the company continues to drive growth and innovation.”
Ms Farooqui added, “I look forward to working with the board and leadership team at ICE as it builds upon its track record of innovative, global market solutions. I’m excited to contribute to the strong governance and growth of the company.”
Ms Cairns and Ms. Farooqui’s roles became effective on the day the Intercontinental Exchange announced that its Annual Meeting of Stockholders would take place on 19 May 2017 at 8:30 a.m. ET.