Stacey Cunningham

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Stacey Cunningham
Unicorns - WEF 2020 08 (cropped).png
Cunningham in 2020
President of the New York Stock Exchange
Assumed office
May 22, 2018
Preceded byThomas W. Farley
Personal details
Alma materLehigh University
OccupationBanker

Stacey Cunningham is a banker, and is the 67th president of the New York Stock Exchange (NYSE). She is the second female president of the NYSE, but the first to hold full leadership of the exchange.

After interning with the NYSE during the 1990s, Cunningham became a trading floor clerk, continuing to work at the exchange until 2005. She took time off to complete a culinary training course, then working at the Nasdaq stock exchange as director of capital markets and head of sales for U. S. transaction services. In 2012, Cunningham rejoined the NYSE, and became the exchange's chief operating officer in 2015.

On May 22, 2018, Cunningham was appointed president of the NYSE. In November 2018, she was listed as one of BBC's 100 Women.[1] In December 2021, she announced that she would be stepping down from her role as NYSE president and joining the NYSE board of directors.

Early life[]

As a child, Cunningham had a strong interest in math and science in school.[2] She later studied at Lehigh University, graduating in 1996 with a bachelor's degree in industrial engineering.[3] She has five siblings[4] and when she was young her father worked at a brokerage firm.[5]

Career[]

The headquarters of the New York Stock Exchange (NYSE)

In 1994, while still a university student, Cunningham completed a summer internship at the NYSE.[6] Two years later, she began working there as a trading floor clerk.[7] At the time, Cunningham was one of the few dozen female employees on the trading floor – compared to over a thousand male employees.[8] She spent eight years employed as a specialist for Bank of America.[9]

In 2005, feeling frustrated with the lack of technological transition at the NYSE,[10] she left the exchange and studied at the Institute of Culinary Education, working briefly as a chef at a restaurant.[6]

From 2007 to 2011, Cunningham worked at the Nasdaq stock exchange, first as director of capital markets and then as the head of sales for U.S. transaction services.[9]

Cunningham rejoined the NYSE in 2012. She served as the exchange's chief operating officer from 2015 to 2018.[9] Her job involved handling the exchange's cash equities markets, relationship and product management, and internal governance services.[11]

On May 22, 2018, at the age of 43,[8] Cunningham was named the 67th president of the NYSE, taking over from Thomas Farley.[9] Cunningham is the first woman to be appointed president of the NYSE.[12][7][11][3][13] Although Catherine Kinney had been co-president of the exchange in 2002, the position had not entailed full leadership at the time, being firmly overseen by the CEO or chairman of the NYSE.[14][8] In an interview with reporters, Cunningham said that she has handled working in traditionally male-dominated environments – such as stock exchanges or engineering school – by never showing any doubt about "whether or not I should be where I was.”[10]

In December 2021, Cunningham announced that she planned to step down from her role as NYSE president, with Intercontinental Exchange executive Lynn Martin set to replace her in January 2022. Cunningham will join the NYSE board of directors.[15]

See also[]

References[]

  1. ^ "BBC 100 Women 2018: Who is on the list?". BBC News. November 19, 2018. Retrieved November 21, 2018.
  2. ^ Rushe, Dominic (July 20, 2018). "'We need a call to action': Stacey Cunningham, the NYSE's first female president". The Guardian. ISSN 0261-3077. Retrieved August 18, 2018.
  3. ^ a b "The New York Stock Exchange's new president is a woman, at last". USA TODAY. Retrieved May 23, 2018.
  4. ^ "Stacey Cunningham, Head of the New York Stock Exchange, Talks History as She Changes It". Time. Retrieved August 19, 2018.
  5. ^ Vara, Vauhini. "The New York Stock Exchange Has Its First Woman President. Is She on a Glass Cliff?". The Atlantic. Retrieved May 26, 2018.
  6. ^ a b "Meet the Next President of the New York Stock Exchange, a 43-Year-Old Former Intern Who Briefly Left to Become a Chef". Money. Archived from the original on May 26, 2018. Retrieved May 22, 2018.
  7. ^ a b Isidore, Chris. "NYSE will be run by a woman for the first time in 226-year history". CNNMoney. Retrieved May 22, 2018.
  8. ^ a b c Hope, Bradley; Osipovich, Alexander (May 22, 2018). "New York Stock Exchange to Have First Female Leader in 226-Year History". Wall Street Journal. ISSN 0099-9660. Retrieved May 23, 2018.
  9. ^ a b c d Grant, Kinsey (May 22, 2018). "Stacey Cunningham: From Intern to Head of the New York Stock Exchange". TheStreet. Retrieved May 22, 2018.
  10. ^ a b "Meet Stacey Cunningham, the One-Time NYSE Intern Who Will Be the Exchange's First Woman President". Fortune. Retrieved May 23, 2018.
  11. ^ a b Reuters Editorial. "NYSE appoints Stacey Cunningham as first female president". U.S. Retrieved May 22, 2018.
  12. ^ Moyer, Liz (May 22, 2018). "NYSE president says June IPO calendar is 'strong' as she takes on new role". CNBC. Retrieved May 22, 2018.
  13. ^ "What to know about the first female president of the New York Stock Exchange". ABC News. May 22, 2018. Retrieved May 23, 2018.
  14. ^ "A Woman Has Been Named As NYSE President. It Only Took 226 Years". NPR.org. Retrieved May 23, 2018.
  15. ^ Megaw, Nicholas; Badkar, Mamta (December 6, 2021). "NYSE reveals sweeping changes to top leadership". Financial Times. Retrieved December 7, 2021.
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