IntercontinentalExchange, Inc. (ICE) has named the Winnipeg Commodity Exchange’s senior vice-president to step into its retiring president’s shoes.
Will Hill replaces Mike Gagne as president and chief operating officer of the WCE. Gagne retired on the August 28 completion of Atlanta-based ICE’s takeover of WCE’s parent firm, WCE Holdings.
Hill came to the WCE in 2003 from a stint at Saskatchewan Wheat Pool, where he served as senior vice-president of the grains group for the company (which yesterday changed its name to Viterra). He was previously managing director of merchandising and transportation for United Grain Growers (UGG).
ICE CEO Jeffrey Sprecher also officially named three WCE staff to senior management positions with the newly acquired company: Linda Cox-Vincent is general counsel and vice-president for market regulation, Doug Betz is vice-president of information technology and Carol Kos is director of accounting and controller.
ICE said in a release that it expects to “transition” WCE’s products to its own electronic trading platform during its fourth quarter of 2007, subject to approval by regulators. WCE products currently trade solely on an electronic platform operated by the Chicago Board of Trade (CBOT).