ISE elects board members

Source: International Securities Exchange

The International Securities Exchange today announced that two new members have been elected to its Board of Directors.

Joseph Sellitto, Chief Executive Officer of Global Execution Brokers, an affiliate of Susquehanna International Group (SIG), and Christianna Wood, Chairperson and member of the Board of Directors for the International Corporate Governance Network, will join the ISE Board effective immediately. Mr. Sellitto will serve as an industry director representing ISE's Electronic Access Members (EAMs) and Ms. Wood will serve as a non-industry director.

In addition to the two new Board members, Andreas Preuss, Chief Executive Officer of Eurex, Michael Juneman, Managing Director of Citadel Derivatives Group LLC, and Timothy Brennan, Head of Automated Market Making at Ronin Capital, were re-elected to the Board. Andreas Preuss was elected to serve as ISE's new Vice Chairman.

Frank Jones, professor at San Jose State University, and Sarah Miller, Executive Director and General Counsel of the ABA Securities Association, are retiring from their roles on ISE's Board due to term limits. Peter Bottini, Executive Vice President of Trading and Customer Service for optionsXpress, Inc., is also retiring from the Board.

"Joe Sellitto and Christy Wood are highly regarded industry professionals with vast expertise and proven track records in the securities and investment management business. We are confident that their contributions will strengthen ISE's leadership going forward," said Gary Katz, President and Chief Executive Officer of ISE. "We also would like to thank Frank Jones, Sally Miller, and Pete Bottini, who are retiring from the Board. We are truly grateful for their commitment and years of service."

David Krell, Chairman of the ISE Board, added, "I would like to congratulate Andreas Preuss on assuming the role of Vice Chairman from Frank Jones. Andreas has been an integral member of the ISE Board for the past three years, and we look forward to his continued guidance as he takes on this leadership position on our Board. I would also like to expreress my sincere gratitude to Sally Miller, Pete Bottini and Frank Jones, who has been a member of the ISE Board since its inception and has served as both Vice Chairman and Chairman. Each of these dedicated individuals brought thoughtful insights and a unique perspective to ISE's Board, and they will truly be missed."

Mr. Sellitto brings more than 38 years of experience in the securities and exchange industries. He currently serves as Chief Executive Officer of Global Execution Brokers, an affiliate of Susquehanna International Group, which he joined in 2006. Previously, he was Director of Derivatives Products at E*TRADE Securities LLC, where he led the development of the firm's retail options and futures business from 2003 to 2006. From 1982 to 2003, he was Senior Vice President at Morgan Stanley DW, Inc. responsible for managing the options trading floor execution and risk. He was a member of the CBOE from 1974 to 2003, and has held memberships at the CBOT, International Monetary Market division of the CME, PHLX, and NYSE Arca exchanges. He currently serves on the SIFMA Options Committee.

Ms. Wood has been a member of the Board of Directors for the International Corporate Governance Network (ICGN) since July 2008, and its Chairperson since July 2009. Prior to her roles at ICGN, she served as Chief Executive Officer of Capital Z Asset Management, the largest dedicated sponsor of hedge funds, from March 2008 through July 2009. Previously, Ms. Wood was the Senior Investment Officer for the global equity unit of the California Public Employees' Retirement System (CalPERS), from 2002 to 2008. Prior to CalPERS, Ms. Wood served at Colorado-based Denver Investment Advisors from 1996 to 2002. During her tenure there, she held several different positions, including Principal, Portfolio Manager, Director of Value Strategies, and member of the firm's management committee.

Ms. Wood is a trustee of Vassar College and serves on the investment, audit and social responsibility committees of the Vassar College Board of Trustees. Ms. Wood holds a bachelor's degree in economics from Vassar College and an MBA in Finance from New York University.

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