Dominique Cerutti

Dominique Cerutti
Born Dominique Cerutti
January 3, 1961
Residence France
Nationality  France
Education ESTP
Occupation CEO Euronext Group
Spouse(s) married
Children 2

Dominique Cerutti (born January 3, 1961) is a French businessman, CEO of Euronext and Chairman of its Managing Board.[1] Euronext operates regulated and transparent cash and derivatives markets in Amsterdam, Brussels, Lisbon, London and Paris.

Career

Dominique Cerutti began his career as an engineer for French company Bouygues Construction in Saudi Arabia, where he was based for nearly two years.

He then moved to IBM in 1986 starting out in sales engineering and sales management. He remained at IBM for more than 20 years.

At IBM, he was promoted to his first management position in 1996 as the Director of Personal Systems Group for Western Europe.[2]

Over the following decade, Cerutti ascended the ranks of IBM, and worked in roles that were particularly international. In 1998, he became Executive Assistant to the Chairman and CEO, Lou Gerstner.

In 2000, he moved to IBM Global Services, the leading market services provider in Europe, first as General Manager for Western Europe and then for the whole EMEA region.[3] He managed several dozens of thousand employees in 17 different sectors.[4] In 2005, Cerutti broadened his scope and responsibility to become IBM’s General Manager for Europe, Middle East and Africa.[5]

According to his former IBM colleagues, Cerutti starkly contrasted with the company’s generally diffident management style, preferring to clearly outline strategies for his teams and displaying an undisputedly strong and colorful character.[6]

In 2009 Dominique Cerutti left IBM to join NYSE Euronext, the global exchange group, as President and Deputy CEO. He was also CEO of Euronext NV, the European subsidiary of NYSE Euronext, and Chairman and CEO of Euronext Paris.[7] In 2010, he was appointed as Board Member of the Group.[8]

In addition to his position at Euronext, Cerutti is also a Board Member of the LCH.Clearnet Group and Board Member of Kedge Business School, in France.[9][10]

As CEO of Euronext, he turned around the strategy of the group, moving away from the legacy of his predecessor, Jean-François Théodore.[11] In September 2014, he embarked on a program to increase operational savings by €60 million over the next three years, with the goal of achieving a 5% annual revenue growth and improve the company's long-term EBITDA margin from 42% to 53%.[12]

Cerutti has also spoken against the European Commission's proposal of a financial transactions tax, arguing that "the political intention of creating such a tax is a noble one, but the current form of the proposal is counter-productive […] this tax is truly the last thing we need now.“[11] He has also spoken out in favor of increased market regulation and transparency as the main way of reducing risk.[13]

Family background and personal life

Dominique Cerutti was born January 3, 1961, in Manosque (France). He is married and father of two children. He is passionate about jogging and diving.[11]

References

  1. ↑ "Dominique Cerutti". Companies in the UK.
  2. ↑ "intercontinentalexchange gro (ICE:New York)". Businessweek.
  3. ↑ "Dominique Cerutti profile". Linkedin.
  4. ↑ "Dominique Cerutti rejoint NYSE Euronext". Le Figaro (in French). October 1, 2009.
  5. ↑ "NYSE Euronext picks IBM veteran Cerutti". Financial Times.
  6. ↑ "Dominique Cerutti, le nouveau profil d'IBM". Usine Nouvelle (in French). 2001-08-23.
  7. ↑ "Dominique Cerutti". Forbes.
  8. ↑ "NYSE Names Cerutti to Succeed Theodore as Deputy CEO (Update1)". Bloomberg. 2009-10-01.
  9. ↑ "Investors and media, management". The Ice.
  10. ↑ "Loin de reculer, l'opacité des marchés financiers a augmenté". Les Echos (in French). March 29, 2010.
  11. ↑ 11.0 11.1 11.2 "Portrait : Dominique Cerutti, CEO, Euronext". Leaders League. September 26, 2014. Retrieved October 13, 2014.
  12. ↑ "Cerutti outlines multi-asset class vision for Euronext". Trade News. June 10, 2014. Retrieved October 13, 2014.
  13. ↑ "Dominique Cerutti (Euronext) : "Se repositionner comme un centre majeur de levée de capitaux"". Leaders League. September 24, 2014. Retrieved October 13, 2014.