MARKETS

Woman to lead NYSE for the first time in 226 years

Stacey Cunningham speaks during The Tory Burch Foundation 2018 Embrace Ambition Summit on April 24, 2018 in New York City. (AFP)

The New York Stock Exchange for the first time in its 226-year history will be led by a woman.

Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board.

Cunningham, who is the chief operating officer for the NYSE Group, becomes president Friday. Current NYSE President Thomas Farley, is leaving to head a special purpose acquisition company.

The historically male-dominated financial industry has grappled with its own issues tied to the #MeToo movement.

Last month it was announced that the “Fearless Girl” statue, which has become a global symbol of female business prowess, will be moved from her spot staring down Wall Street’s bronze “Charging Bull” to a new home facing the New York Stock Exchange.
 

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Last Update: Tuesday, 22 May 2018 KSA 15:00 - GMT 12:00
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