IntercontinentalExchange, Inc. (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, today announced management appointments for the Winnipeg Commodity Exchange Inc. (WCE).
On August 28, ICE completed the transaction to acquire Winnipeg Holdings Inc., which is the holding company for WCE, the leading agricultural commodity futures and options exchange in Canada.
William Hill, formerly Senior Vice President, has been named President and Chief Operating Officer. Former WCE President and CEO Mike Gagne retired upon the completion of the transaction. The following WCE staff comprises the senior management team:
- Linda Cox-Vincent, General Counsel and Vice President, Market Regulation
- Doug Betz, Vice President, Information Technology
- Carol Kos, Director of Accounting and Controller
"We welcome the management and staff to the ICE team, as well as the knowledge and customer relationships they bring," said ICE Chairman and Chief Executive Officer Jeffrey C. Sprecher. "We look forward to tapping into new opportunities ahead as we integrate our businesses."
ICE expects to transition WCE's products to its electronic trading platform during the fourth quarter of 2007, subject to necessary regulatory approval. WCE was established in 1887 and today is fully electronic, offering futures and options contracts on canola, domestic feed wheat, and western barley.