NEW YORK (AP) -- The chief financial officer of the NYSE Euronext is leaving his post to take on the same position with electronic security and home monitoring company ADT.
The announcement comes less than a month before the futures exchange IntercontinentalExchange Inc. expects to close on its proposed acquisition of exchange operator NYSE Euronext on Nov. 4.
Michael Geltzeiler currently serves as CFO and group executive vice president for NYSE Euronext. As CFO at ADT Corp., he will be responsible for leading the company's financial strategy to help drive profitable growth and create shareholder value.
Geltzeiler will report to ADT CEO Naren Gursahaney. He is expected to start at the Boca Raton, Fla., company short after the transaction between NYSE Euronext and ICE closes.
Geltzeiler succeeds Kathy Mikells, who left ADT in May to join Xerox.
ICE CFO Scott Hill will serve as CFO of the combined ICE and NYSE Euronext.
The deal between ICE and the NYSE Euronext Inc., which was announced in December, will give ICE control of the New York Stock Exchange and London-based Liffe, Europe's second-largest derivatives market. The transaction was valued at $8 billion when announced. The combined ICE-NYSE Euronext would be the third-largest exchange group globally, behind Hong Kong Exchanges and Clearing and CME Group.
The deal still needs to receive some European regulatory approvals before the anticipated closing date. If the approvals are not received by Nov. 4, the closing may be pushed back.
Shares of ADT added 66 cents to $40 in afternoon trading on Monday. NYSE Euronext's stock fell 9 cents to $44.29, while shares of IntercontinentalExchange declined 51 cents to $194.17.
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