IntercontinentalExchange (NYSE: ICE), a leading operator of global derivatives exchanges and over-the-counter (OTC) markets, today announced that Brad Vannan has been appointed President and Chief Operating Officer of ICE Futures Canada, ICE's wholly-owned Canadian futures exchange.
Vannan is a 23-year veteran with experience in the global agricultural markets. He most recently held the position of Vice President at Agricore United, where he had responsibility for four major divisions including grain merchandising, transportation and logistics, specialty crops and pulse operations, and grain accounting. He also previously served on the board of governors of ICE Futures Canada's predecessor company, the Winnipeg Commodity Exchange. Vannan will join ICE on April 14 and will assume his new role as President and COO effective April 30.
"We are pleased to welcome Brad and the wealth of expertise he brings to ICE as we continue to grow our Canadian futures business," said Jeffrey C. Sprecher, ICE Chairman and CEO. "Brad possesses vast knowledge of Canada's agricultural markets from both technical and operational perspectives, and is well regarded by the industry. He has been a leader in advancing key programs within the Canadian marketplace and we have no doubt that he will be an equally effective leader at ICE."
In August 2007, ICE acquired the Winnipeg Commodity Exchange, which was renamed ICE Futures Canada. The exchange's Canola futures contract is the world's leading canola contract.