NYSE Euronext's CFO Jumps Ship Ahead of IntercontinentalExchange Buyout

Just a few weeks from now, IntercontinentalExchange is expected to complete its acquisition  of NYSE Euronext . But while ICE may gain control over the Big Board, it won't get NYSE's CFO.

On Monday, home-security specialist ADTannounced that it has hired away NYSE Chief Financial Officer Michael Geltzeiler to become its own new CFO. Geltzeiler, who before his five-year stint at NYSE served as president for school and educational services at the Reader's Digest Association, will now report directly to ADT Chief Executive Officer Naren Gursahaney. 

Explaining his decision to join ADT, Geltzeiler noted that "ADT is a widely respected company and a clear leader in the industry," with "significant potential to grow" and "a strong balance sheet, a broad portfolio of innovative solutions and a talented management team."


Profitable, and expected by many analysts to grow its earnings in the high single digits over the next five years, ADT stock has underperformed the market over the last 52 weeks. The stock rallied 1.7% in Monday trading, however, following the announcement of Geltzeiler's hire.

The article NYSE Euronext's CFO Jumps Ship Ahead of IntercontinentalExchange Buyout originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends NYSE Euronext. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.