Jeffrey C. Sprecher

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Jeff Sprecher "is a founder of IntercontinentalExchange (NYSE: ICE), serving as the company's Chief Executive Officer since its inception in May 2000 and as the Chairman of the Board since November 2002. Under Mr. Sprecher's guidance, ICE has expanded into global markets for agriculture, chemicals, credit default swaps, emissions, energy, equity indexes and foreign exchange. Today, ICE operates three regulated futures exchanges, two over-the-counter (OTC) markets and five clearing houses.

"A former power plant developer, Mr. Sprecher recognized the need for an accessible, electronic marketplace for OTC energy contracts. He purchased Continental Power Exchange (CPEX) in 1997 to achieve his vision of an efficient market that would introduce transparency and capital efficiency into previously opaque and fragmented markets. In 2000 he spearheaded the assembly of thirteen global commercial market users who then became the company's initial shareholders.

"Since ICE's formation in 2000, Mr. Sprecher has maintained a focus on innovation, transparency and capital efficiency in the global derivatives markets. He has led numerous strategic initiatives that have enabled ICE to expand from a single asset class – energy – into five asset classes today. These initiatives have included numerous acquisitions, including the International Petroleum Exchange (2001), the New York Board of Trade (2007) and Creditex (2008).

"In addition to expanding through acquisitions, Mr. Sprecher has focused ICE's resources on organic growth, including developing the industry's first cleared OTC energy contracts (2002), building the first new major clearing house in the U.K. in over a century (2008), and launching the world's first clearing house for CDS (2009).

"Mr. Sprecher has received accolades over the past several years from BusinessWeek, Institutional Investor and numerous industry publications. Mr. Sprecher was selected by MarketWatch as one of five finalists in the prestigious "MarketWatch CEO of the Year" program in 2006. Also in 2006, The Wall Street Journal named ICE the best 1-year performer of all stocks in the newspaper's coverage universe based on its annual return.

"Mr. Sprecher serves on the U.S. Commodity Futures Trading Commission (CFTC) Global Market Advisory Committee and is a member of the Energy Security Leadership Council.

"Prior to acquiring CPEX, Mr. Sprecher held a number of positions in the power industry. For 14 years, he served as President of Western Power Group, Inc., a developer, owner and operator of large central-station power plants in California.

"A native of Wisconsin, Mr. Sprecher earned a Bachelor of Science degree in Chemical Engineering from the University of Wisconsin at Madison and a Master of Business Administration from Pepperdine University in Malibu, California." [1]

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  1. Directors, IntercontinentalExchange, accessed July 20, 2010.