OCC Announces Board Appointments and Nominations, Adopts Governance Enhancements
PR Web |
OCC announced today the appointment of new Board Officers and Board committee chairs for 2014:
•
• Craig Donohue was reappointed OCC Executive Chairman
• Michael Cahill was reappointed OCC President and Chief Executive Officer
• Richard Lindsey was reappointed as Chair of OCC’s Risk Committee
• Pat White was reappointed as Chair of OCC’s Audit Committee
• Matthew Gelber was appointed as Chair of OCC’s Governance Committee
OCC’s Nominating Committee also nominated the following candidates for election to the Board of Directors for the term ending in 2017, with such election to be held at OCC’s Annual Meeting of Stockholders on
• Mark Dehnert,
• Craig Messinger,
• John Ruth,
OCC’s Board also approved the recommendations of OCC’s Nominating Committee to appoint the following individuals to fill vacancies on the board, with each such appointment to be effective as of OCC’s Annual Meeting of Stockholders to be held on
• Christine Show, Newedge
• Judith Kula,
Additionally,
• Thomas Farley, Chief Operating Officer,
• David Goone, Senior Vice President and Chief Strategic Officer,
Governance Enhancements
OCC’s Board of Directors also approved the combination of the previously separate Governance and Nominating Committees into a single new standing committee of the Board. The new
OCC’s Board of Directors also approved an expansion in the number of public directors, from 3 to 5, bringing the total number of OCC Directors to 21. These governance enhancements will be implemented upon receipt of regulatory approval.
“OCC’s Board of Directors is committed to maintaining and enhancing strong governance practices at OCC,” Donohue said. “The creation of our combined
About OCC
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the
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