20 October 2017
Find out more

CBOE elects board members

21 November 2008  |  2006 views  |  0 Source: Chicago Board Options Exchange

The Chicago Board Options Exchange (CBOE) announced that in its annual election held today, Thursday, November 20, the membership elected six individuals to the CBOE Board of Directors to fill expired and vacant positions.

The new terms begin on January 1, 2009.

Among the six individuals elected to the CBOE Board of Directors, three are incumbent Public Directors re-elected to serve three-year terms: James Boris, Carole Stone and Eugene Sunshine.

James Boris is a retired Chairman and Chief Executive Officer of EVEREN Capital Corporation and EVEREN Securities, Inc.

Carole Stone is a former Director for the New York State Division of the Budget.

Eugene Sunshine is the Senior Vice President for Business and Finance at Northwestern University.

Three individuals were re-elected to the Board of Directors to serve as Industry Directors: Benjamin Londergan, William Power and Jonathan Werts.

Benjamin Londergan, the Co-Chief Executive Officer of Group One Trading, LP, was re-elected to a three-year term as a Floor Director.

William Power, a CBOE member, was re-elected to a three-year term as a Lessor Director.

Jonathan Werts, Managing Director, Merrill Lynch Pierce, Fenner & Smith, Inc., was re-elected to a one-year term as an Off-Floor Director.

"These talented business executives have made significant contributions to the leadership of the Exchange, and I am pleased to welcome them back to CBOE's Board," said CBOE Chairman and Chief Executive Officer, William J. Brodsky."I look forward to continuing to work with them, and our entire Board, on the initiatives that will chart the future course of CBOE's business."

CBOE's Board of Directors consists of 22 members, equally balanced between 11 Public (independent, non-industry) and 11 Industry (member) Directors, plus the Chairman and Chief Executive Officer of CBOE.CBOE's governance structure also includes a Lead Director?a Public Director who acts as a liaison between the Board and Exchange management.CBOE's Governance, Audit and Compensation Committees are each chaired by a Public Director, and the Regulatory Oversight Committee is comprised solely of Public Directors.

In other election results, four individuals were elected to the Nominating Committee.Howard Gillman, Managing Director, Electronic Brokerage Systems, LLC, was elected to a three-year term as a firm member.Frank Hirsch, CBOE member, was elected to a three-year term as a floor member.Richard Lund, Managing Member, TRO Trading Group, LLC, was elected to a three-year term as a lessor member.Richard Thomas, retired Chairman, First Chicago NBD Corporation, was elected to a three-year term as a public member.

The Nominating Committee, a ten-person committee comprised of a cross section of the CBOE membership and public representatives, is charged with nominating candidates for the Board of Directors and the Nominating Committee.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.capgemini.comvisit www.innotribe.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15971 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9066 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8209 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7218 views comments | 9 tweets | 17 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
6614 views comments | 18 tweets | 25 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job