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Howard Lutnick Confirmed as 41st United States Secretary of Commerce; Steps down from his positions at Cantor Fitzgerald, L.P.

  • Howard Lutnick has been confirmed by the United States Senate as the 41st Secretary of Commerce, leading to his resignation as Chairman and CEO of Cantor Fitzgerald, L.P.
  • Pascal Bandelier, Sage Kelly, and Christian Wall have been appointed as Co-Chief Executive Officers of Cantor Fitzgerald, responsible for managing all front office functions.
  • Brandon Lutnick has been named Chairman and Kyle Lutnick has been named Executive Vice Chairman of Cantor Fitzgerald, L.P.
  • Lutnick will divest his business interests in Cantor Fitzgerald and BGC Group, Inc. to comply with U.S. government ethics rules.
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Chatham Star TribuneChatham Star Tribune
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Howard Lutnick Confirmed as 41st United States Secretary of Commerce; Steps Down as BGC Group Chairman of the Board and Chief Executive Officer

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC" or the "Company"), a leading global brokerage and financial technology company, today announced Howard W. Lutnick, Chairman and Chief Executive Officer, has been confirmed by the United…

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The Courier Express broke the news in DuBois, United States on Wednesday, February 19, 2025.
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