Craig S. Donohue is Executive Chairman of OCC, the world's largest equity derivatives clearing organization.
Mr. Donohue joined OCC as Executive Chairman in January 2014 to lead transformational change across the organization after OCC's designation as a Systemically Important Financial Market Utility (SIFMU) by the Financial Stability Oversight Council.
In 2016, OCC's Board of Directors asked him to remain at OCC as Executive Chairman and take on the role of Chief Executive Officer (CEO) for three years. As CEO, he focused on enhancing OCC's resiliency to systemic risk, strengthening OCC's capital structure to ensure loss absorption and recovery capabilities, as well as reinvigorating OCC's leadership team to create a more engaged organization.
In 2019, Mr. Donohue returned to the role of Executive Chairman. He continues to facilitate Board leadership and management oversight on behalf of the Board of Directors, while focusing on strategic issues and OCC's industry leadership role, including OCC's engagement with policymakers in Washington, DC. He has oversight responsibilities for OCC's government relations, communications, and internal audit functions.
Prior to joining OCC, Mr. Donohue spent more than two decades in global financial markets, most recently as Chief Executive Officer of CME Group from January 2004 until May 2012. During that time, Mr. Donohue led the successful completion of more than $20 billion in mergers and acquisitions, including CME's historic merger with the Chicago Board of Trade (CBOT) in 2007 and the acquisition of both the New York Mercantile Exchange and the Commodity Exchange Inc. (NYMEX and COMEX) in 2008.
In 2010, Mr. Donohue was selected as one of the world's 50 best-performing CEOs by the Harvard Business Review. He is also the subject of a Harvard Business School case study published in 2011 for his excellence in strategy formulation and execution. In 2009, Mr. Donohue was named to Institutional Investor Magazine's Power 50 list of the World's Most Influential People in Finance and was also recognized as The International Executive of the Year by the Executives' Club of Chicago.
Mr. Donohue is an active leader in national and local civic and philanthropic efforts. He is a past Board member and Chairman of the Council for Economic Education. He is also a past Board member and Chairman of the Executives' Club of Chicago and previously served as a director of the Chicago Council on Global Affairs.
Mr. Donohue holds a Masters of Management degree from Northwestern University's Kellogg Graduate School of Management, a Masters of Law degree in Financial Services Regulation from IIT Chicago-Kent College of Law, a Juris Doctor degree from The John Marshall Law School, and a Bachelor of Arts degree in political science and history from Drake University.