ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that Maureen O'Hara and Chris Dodds will be retiring from its Board of Directors.
Ms. O’Hara joined the Board in 2003 and has served as Chair since 2007. She will retire from the Board effective January 15, 2016. Mr. Dodds joined the Board in 2008. He will retire from the Board effective December 31, 2015.
"I have enjoyed my more than 12 years of service with the company, and along with my fellow directors have worked hard to bring ITG through a challenging year,” said Ms. O’Hara. “I have been contemplating retirement for some time, but wanted to do so only when the company was well-positioned for future success. We have now reached that point, and so I formalized my decision to retire at our Board meeting last week. I will stay on to help manage the transition period before our new CEO, Frank Troise, joins ITG on January 15th. I am confident that ITG will be in good hands under his leadership."
Commenting on his retirement, Mr. Dodds said, “Due to demands from my other professional responsibilities, I have concluded, after several weeks of deliberation and discussion with the company, that it is time for me to retire from the Board. I wish the firm success in the years ahead."
Jarrett Lilien, interim CEO and President, said, "Maureen and Chris have been pillars of strength and stability for the ?company for many years. Recently, they have guided us through a successful CEO search, the successful planned sale of our energy research business, and the renewal of our customer growth and momentum. My Board colleagues and I would like to thank them for their many years of service and we wish them the best in their future endeavors.”