CME's CEO Is Expected to Make Full Recovery After Lung Collapse

(Bloomberg) -- CME Group Inc. Chief Executive Officer and Chairman Terry Duffy is recovering at home from a collapsed lung, according to the company, operator of the world’s largest futures exchange.

“He is expected to fully recover and return to the office in the next couple of weeks,” Daniel Glickman, a CME director, said Wednesday at the company’s annual shareholders meeting, explaining Duffy’s absence.

Glickman, who said he spoke with Duffy, said there were no complications. He didn’t offer any other details.

Duffy, 58, in December added the CEO title to his chairman role. At $40 billion in market capitalization, CME is the world’s largest exchange owner.

CME shares fell 0.5 percent to $117.61 at 12:23 p.m. New York time.

To contact the reporter on this story: Brian Louis in Chicago at blouis1@bloomberg.net.

To contact the editors responsible for this story: Nick Baker at nbaker7@bloomberg.net, Rob Urban