The New York Stock Exchange has selected another pioneer — a lady.
This Friday, Stacey Cunningham will turn into the trade’s 67th president, the primary female president in its 226-year history.
“It’s an incredible day for her, however it’s a considerably more prominent day for the New York Stock Exchange, since she has discovered that business starting from the earliest stage,” previous NYSE CEO Dick Grasso told CNBC’s “Energy Lunch” on Tuesday.
In fact, Cunningham started at the exchange as a summer intern in 1994, shortly before Grasso became CEO and chairman in 1995.
Cunningham landed her first full-time job on Wall Street in 1996 as a NYSE floor clerk with JJC Specialist, a division of Quick & Reilly. It was from there that she worked her way up to her current position as chief operating officer.
“Stacey was born to run the New York Stock Exchange, and she’s going to do a fabulous job,” Grasso said.
Even with Cunningham set to run the show, few women can be found on the floor of the exchange — or on Wall Street for that matter.
Women hold just 4.6 percent of CEO positions in S&P 500 companies, according to Catalyst, a nonprofit that works to promote inclusive workplaces for women. Of the Fortune 500 companies, 12 don’t have a single female board member.
While Cunningham called the exchange “home” and said she loves being a part of it, she acknowledged that very few women work in finance and technology.