ICE Chairman and CEO Jeffrey C. Sprecher Chosen by MarketWatch as One of Five Top U.S. CEO's of the Year
11 December 2006
IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, today announced that its Chairman and Chief Executive Officer (CEO), Jeffrey C. Sprecher, was named one of five finalists for the prestigious MarketWatch CEO of the Year award for 2006. An extensive profile of Sprecher was published on the MarketWatch website early this morning.
Sprecher's placement on the short list was part of a three-month selection process that included nominations by MarketWatch reporters who were asked to suggest names of outstanding U.S. public company executives from throughout Corporate America. From those nominations, a panel of MarketWatch senior editors narrowed the group down to five finalists, and reporters were assigned to produce a profile on each executive's performance in 2006. According to MarketWatch: "The editors selected the CEOs on the basis of their track records this year in four main areas: stock price, performance for customers, treatment of employees and corporate-governance initiatives."
MarketWatch editors made the final deliberations and early this morning announced Robert Iger, CEO of The Walt Disney Co., as the 2006 CEO of the Year. Sprecher was the only CEO selected from the financial services sector. The other finalists were Continental Airlines' Larry Kellner, General Mills CEO Stephen Sanger and Amylin Pharmaceuticals CEO Ginger Graham.
"It is an incredible honor to be selected as a finalist among this accomplished group of corporate leaders," Sprecher said. "As a relatively young company that just celebrated our one-year anniversary as a publicly traded company, ICE has been able to bring ground-breaking change to the marketplace. We are particularly gratified to be recognized for excellence in serving our customers, shareholders and employees, and we continue in our unwavering dedication to these constituencies."
The MarketWatch profile by reporter Greg Morcroft , entitled "Intercontinental's Drift: Jeffrey Sprecher and his Crew are Market Re- Makers," is available at http://www.marketwatch.com/news/story/jeffrey- sprecher-his-crew market/story.aspx?guid=%7B1F2B8896%2DA47A%2D4351%2D8E20%2D024904325B28%7D. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
MarketWatch credited Sprecher with guiding " ... the upstart IntercontinentalExchange through a year of unprecedented growth and consolidation in the financial-exchange business, which has led to soaring valuations and a restructuring of the centuries-old open-outcry trading model around the globe." The article also cited the company's 2006 achievements of opening energy markets to new investors and expanding the company's business into agricultural commodities through its planned acquisition of the New York Board of Trade.
MarketWatch, Inc. is wholly-owned subsidiary of Dow Jones & Company, Inc. and is a leading provider of business news, financial information and analytical tools.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts. ICE offers a range of contracts based on crude oil and refined products, natural gas, power and emissions. ICE conducts its futures markets through its regulated London-based subsidiary, ICE Futures, Europe's leading energy exchange. ICE Futures offers liquid markets in the world's leading oil benchmarks: Brent Crude futures and West Texas Intermediate (WTI) Crude futures, as well as the leading heating oil futures contract by traded volume. ICE introduced the concept of cleared OTC energy contracts and today offers the most liquid and transparent electronic OTC market in North America. ICE also offers a range of risk management and trading support services, including customized energy market data offerings through its ICE Data business unit and electronic trade confirmations. ICE was added to the Russell 1000(R) Index on June 30, 2006. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore, with regional telecommunications hubs in Chicago, New York, London and Singapore. For more information, please visit http://www.theice.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Securities and Exchange Commission filings, including, but not limited to, the risk factors in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and the Company's Registration Statement on Form S-4 (File No. 333-138312), as filed with the Securities and Exchange Commission on November 16, 2006.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
