Tom Farley served as president of the New York Stock Exchange from 2014 to 2018. The Georgetown graduate was named the head of the New York Board of Trade in 2007. Tom Farley's appointment was made by Jeffrey Sprecher — the CEO of Intercontinental Exchange Group.
Farley was also the co-COO of Intercontinental Exchange Group from 2013–2014. In 2014, he was listed on Fortune's “40 Under 40” list. When Farley took over the NYSE in 2014, he was the second-youngest person to ever hold that position.
Who is Tom Farley’s wife?
Thomas Farley is married to Molly Glynn Farley. The couple has three daughters together.
Tom Farley’s career as NYSE president and other roles
Tom Farley was the president of NYSE from 2014–2018. In a 2017 interview with Business Insider, he said, “We have a model that preceded me, so I can describe it with all due humility, but we have a model that perfects the execution of that IPO in a way that results in minimal volatility.”
When Farley left his leadership role at the NYSE, Stacey Cunningham was appointed to the position. She became the 67th president of the NYSE and the first-ever female to hold the position, according to NPR.
When Farley left the NYSE, Jeffrey Sprecher praised his “extraordinary” contribution to the organization, according to BizJournals. “Tom is a valued colleague, leader and confidant, and our management team looks forward to supporting him in his new venture.”
What is Tom Farley doing now?
Tom Farley left his position at the NYSE in 2018 to become the CEO of a SPAC (special-purpose acquisitions company). His initial SPAC was Far Point Acquisition Corp., which debuted on the NYSE in June 2018 with $632 million in capital raised from investors.
In August of 2020, Far Point Acquisition Corp. completed a merger with Global Blue Group AG. Currently, Farley serves as the chairman, president, and CEO of Global Blue, according to Bloomberg. The company provides information technology services.
At that time of his departure from the NYSE presidency, Farley said, “I have had the honor of standing at the NYSE Bell Podium with hundreds of inspiring entrepreneurs during my years as the NYSE’s President and I am now thrilled to join their ranks by building on an idea and starting something from scratch.”
Tom Farley’s COVID-19 recovery
Recently, Farley gave an interview with CNBC’s SquawkBox in which he described his March 2020 experience battling COVID-19. His time with the illness included 15 consecutive days with a 102–103.5 degree fever, being bedridden for a week after the fevers subsided, and losing 25 pounds in body weight.
Farley said he's grateful that he eventually recovered from the illness. He said that it was a struggle to work on details of the merger with Global Blue during the worst of his illness.
Another of Farley’s SPACs has just gone public on the NYSE. Far Peak Acquisition announced its $550 million IPO.