Sharon Bowen named first Black woman chair of NYSE Board

Sharon Bowen has made history as the newly named board chair of the New York Stock Exchange (NYSE).

Bowen, a finance and securities lawyer, is the first Black woman to be appointed to the position. She has been a member of the board of directors of Intercontinental Exchange, Inc. (ICE), NYSE’s parent company, since December 2017.

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ICE announced earlier this month that it named Bowen as the next chair of the New York Stock Exchange. Her appointment follows senior leadership changes across the company under CEO Jeff Sprecher.

“When a handful of colleagues and I founded ICE over twenty years ago, our simple idea was to make trading more automated and transparent, and that purpose anchored our original leaders as we grew exponentially, and their duties grew along with the firm,” Sprecher, who founded and chairs Intercontinental Exchange, said in a Dec. 6 letter. “Now with a market capitalization of over $70 billion, and a substantially transformed company from our origins, it’s more important than ever to challenge our leaders to take on new tasks and acquire new skills as we serve a new and ever-evolving marketplace.”

The leadership changes for 2022 also include Lynn Martin, current president of ICE Fixed Income and Data Services, who will replace Stacey Cunningham as the next president of the NYSE. Cunningham, who was the first woman in that role, is moving on to a position on the NYSE board of directors.

Source: Sharon Bowen named first Black woman chair of NYSE Board