ISE CEO Krell Announces Retirement

International Stock Exchange boss and industry luminary David Krell announced his retirement this week, effective at the end of the year. While he will vacate the role of CEO, the exchange's Board intends to elect him as Chairman. He will be succeeded by current COO Gary Katz.

Katz and Krell have enjoyed 21 years working together, and co-founded ISE ten years ago."I am very pleased to continue my service to the Board in the role of Chairman and am confident that Gary's appointment as ISE's next CEO will ensure a smooth and seamless transition, enabling the company to maintain its strategic direction in the years to come," said Krell, in a statement. "Since ISE's inception, Gary has been instrumental in defining the Company's long-term strategy and executing our key business objectives."

You can find more on Krell and his leadership of the ISE in this Wall Street & Technology article.