Stephen Merkel named Chairman of BGC Group's Board of Directors

Company Leadership Changes - BGC Group, Inc. has appointed Stephen Merkel as the new Chairman of the Board of Directors following Howard W. Lutnick's resignation as CEO and Chairman after being confirmed as the 41st Secretary of Commerce [1][2] - Stephen Merkel has been with BGC since its founding and will continue his roles as Executive Vice President and General Counsel [2][4] - Brandon Lutnick will join the Board of Directors, bringing his experience from Cantor Fitzgerald, where he served as Chairman and was involved in corporate strategy [2][7] Background of Key Individuals - Stephen Merkel has over 30 years of experience with BGC and has held various leadership roles within the Cantor Fitzgerald group of companies [3][4] - Brandon Lutnick has a background in equity sales and trading and has been involved in overseeing projects related to Cantor Fitzgerald and its affiliates [7][8] Company Overview - BGC Group, Inc. is a leading global brokerage and financial technology company, providing services across various financial products including fixed income, foreign exchange, and commodities [9][10] - The company has partnered with major global investment banks to create FMX, a U.S. interest rate futures exchange, and has developed a fast-growing U.S. cash treasuries platform [10]