Merrill Lynch Picks John Thain as CEO Merrill Lynch selects John Thain as CEO. He is currently the head of the New York Stock Exchange, and will begin his new job on Dec. 1. Thain is credited with leading the NYSE through a challenging period that included the exchange's initial public offering and a move into electronic trading.
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Merrill Lynch Picks John Thain as CEO

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Merrill Lynch Picks John Thain as CEO

Merrill Lynch Picks John Thain as CEO

Merrill Lynch Picks John Thain as CEO

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  • <iframe src="https://www.npr.org/player/embed/16315357/16314375" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Merrill Lynch has a new chief executive: John Thain.

He is currently the head of the New York Stock Exchange, and will begin his new job on Dec. 1. Thain is credited with leading the NYSE through a challenging period that included the exchange's initial public offering and a move into electronic trading.

The firm began searching for a new CEO two weeks ago when Stan O'Neal resigned over huge losses on mortgage-backed securities.