In a regulatory filing, NYSE Euronext disclosed that Chief Financial Officer Michael Geltzeiler and General Counsel John Halvey and the New York exchange's global HR head would be leaving the company after its sale to IntercontinentalExchange Inc (ICE) would be finalized. NYSE would also see to it that the executives would be receiving termination payments. The filing did not say nor indicate reasons why Geltzeiler and the other executives would be leaving the exchange.
NYSE would be acquired by ICE in a USD10.3 billion deal. NYSE is a financial services multinational company that operates securities exchanges including the New York Stock Exchange. ICE is a derivatives market and clearing house operator based in Atlanta.
Geltzeiler logged in five years' worth of working experience with NYSE. On Monday, a statement from home-security company ADT Corp said Geltzeiler would be joining the firm as a CFO.
NYSE Euronext shares had risen over 6% in recent months. On Monday, its shares closed at USD44.49 on the New York bourse.
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