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NSX names James Anderson chairman

18 October 2007  |  2112 views  |  0 Source: National Stock Exchange

National Stock Exchange (NSX) today announced that its Board of Directors elected James M. Anderson Chairman of the Board.

He succeeds Donald L. Calvin, who will continue to serve as an Independent Director on the Exchange Board.

Mr. Anderson, President and Chief Executive Officer of Cincinnati Children's Hospital Medical Center, has served as an Independent Director on the Board of NSX since 1978 through the present. He previously served as Chairman of the Exchange from 1979 to 1989.

"With his long history of service on the Board and his stellar leadership of the Cincinnati Children's Hospital, Jim Anderson brings a level of business acumen, integrity and knowledge about this Exchange that is invaluable to NSX," said Joseph S. Rizzello, Chief Executive Officer of NSX. "We are fortunate to have found such an able successor to Don Calvin who, with his depth of experience in the securities industry, has served the Exchange well though a period of historic change."

Mr. Calvin was Chairman of NSX since 2002. He served the Exchange in this capacity at an important time in NSX's history. In the past two years, the Exchange demutualized and reorganized into a for-profit corporation, attracted equity investments from six leading Wall Street firms and ECNs, and launched a new state-of-the-art technology platform. In addition to his role with NSX, he is Chairman of International Business Enterprises, Inc., where he has served as adviser to more than 18 Chairman or CEOs of securities exchanges and other financial organizations in North and South America, Europe, Asia and Africa.

Mr. Anderson's appointment in 1996 as President and CEO of Cincinnati Children's Hospital Medical Center followed 20 years of service to the Cincinnati Children's Board of Trustees, which included four years as Chairman. In 2005, he was appointed Chairman of the Board of the Cincinnati Branch of the Federal Reserve Bank of Cleveland and also appointed to a national advisory commission focusing on reforms to the Medicaid system. Before joining the staff of Cincinnati Children's, he was a partner specializing in corporate law at Taft, Stettinius & Hollister LLP. His previous professional experience also includes a position as President of U.S. operations and director at Xomox Corporation, a publicly traded manufacturer of specialty process controls that was acquired by Emerson Electric Co. in 1980.

Mr. Anderson has been a director of numerous corporations and is currently a director of Gateway Investment Trust, River City Insurance Limited, and the UNIFI Companies. His extensive civic involvement includes service to the Dan Beard Council of the Boy Scouts of America; Cincinnati Museum of Natural History; and the College of Mt. St. Joseph. He was honored in 2005 with the Human Relations Award presented by the Cincinnati Chapter of the American Jewish Committee, in recognition of his outstanding professional contributions to a healthy Cincinnati community. He is a graduate of Yale University and Vanderbilt School of Law.

NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Founded in 1885, NSX has been a driving force for change in the world of securities exchanges and continues to lead the way in exchange innovation.

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