NYSE Euronext reported that vice chairman Jerry Putnam is relinquishing his management responsibilities and will become a senior advisor to the company on corporate strategy, technology integration and derivative products.

Putnam will maintain an office at the NYSE Euronext facility in Chicago. Prior to his role as vice chairman, he was president and co-chief operating officer of NYSE Group. Previously, he was co-founder, chairman of the board of directors and CEO of Archipelago Holdings, Inc. In 1994, Putnam founded Terra Nova Trading, L.L.C. and served as its president until 1999.

“Some 10 years ago I co-founded Archipelago with the goal of making markets more efficient and fair for all investors. Having successfully completed the integration of Archipelago after partnering with the NYSE and having set the technology roadmap for NYSE Euronext, I’ve effectively accomplished what I had set out to do,” Putnam said. “As a global leader in financial markets, NYSE Euronext is also a technology leader and innovator and has a clear vision for the future. In my advisory role and as a shareholder, I look forward to doing whatever I can to help ensure the ongoing success and growth of the company.”

“Jerry has been a strong partner in our transformation into a publicly held, multi- product global marketplace,” said John Thain, CEO of NYSE Euronext. “He’s a proven leader, entrepreneur and change agent who has helped make our organization more efficient and customer-oriented, with a commitment to innovation and value creation. On behalf of my colleagues and our shareholders, I want to thank Jerry for his numerous contributions to our organization and for continuing to work with us in his new role.”

Lawrence Leibowitz, who joined the company as executive vice president and COO, U.S. Products, is expected to replace Putnam on the NYSE Euronext management committee upon receipt of regulatory approval. In addition to his current duties, Leibowitz will assume responsibility for NYSE Euronext’s ongoing equities trading platform integration initiative, the company’s global technology systems and development, and its U.S. options business.