Longtime futures industry leader and former Chicago Mercantile Exchange Chairman John F. (Jack) Sandner has passed away at age 79. He served as a CME chairman for three separate terms and was a member of the CME for more than 45 years.
“Today is an extremely difficult day for our company and our industry,” said CME Group Chairman and CEO Terry Duffy, in a statement released Friday. “It is with great sadness that we mourn the loss of Jack Sandner who was among our staunchest leaders, biggest champions and, most importantly, a dear friend to so many.”
Duffy noted that Sandner oversaw the launch of key financial products in the 1980s and 1990s during his tenure that included the S&P 500 and Eurodollar futures contracts.
“He was a true visionary who made many contributions to our industry. It was with sheer grit and determination that he also steadied the organization through some of the biggest crises of the day, including the gold and silver crisis of 1980 and the Black Monday crash of 1987,“ Duffy said.
Sandner was inducted into the Futures Industry Association’s Futures Hall of Fame in 2007. He was a trustee of The University of Notre Dame, Rush University Medical Center, The Museum of Science and Industry of Chicago, and the Shedd Aquarium. He also was chairman of The Cancer Institute at Rush University Medical Center and sat on the boards of the National Futures Association and the Civic Committee of the Commercial Club of Chicago.
John Lothian News is publishing a remembrance page in honor of Jack Sandner. Members of the financial community who would like to share their stories about Sandner for the page, please email John Lothian at firstname.lastname@example.org.
Here are the interviews John Lothian News did with Sandner for the Open Outcry Traders History Project in early 2020 in his offices in the CME Building.