Explore
Close
Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy. Testing

OCC Re-elects Donohue as Executive Chairman, Elects Member and Public Directors at 2019 Stockholder Meeting

April 11, 2019
Chicago -

OCC, the world's largest equity derivatives clearing organization, today announced the re-election of Craig S. Donohue as Executive Chairman of the Board, along with the election of three Class III Member Directors and two Class I Public Directors to its Board of Directors. The vote took place during OCC's annual stockholder meeting on April 10.

The following Directors were unanimously elected as Class III Member Directors:

  • Kurt M. Eckert, Partner, Wolverine Trading. Mr. Eckert joined the OCC Board of Directors in 2017. His term expires in 2022.
  • Jonathan B. Werts, Managing Director, Head of Midwest, Bank of America Merrill Lynch. Mr. Werts joined the OCC Board of Directors in 2012. His term expires in 2022.
  • William T. Yates, Treasurer, TD Ameritrade. Mr. Yates joined the OCC Board of Directors in 2016. His term expires in 2022.

The following Directors were unanimously elected as Class I Public Directors:

  • Susan E. Lester, former Chief Financial Officer. Ms. Lester joined the OCC Board of Directors in 2016. Her term expires in 2022.
  • Robert R. Litterman, Chairman of the Risk Committee, Kepos Capital, LP. Mr. Litterman joined the OCC Board of Directors in 2016. His term expires in 2022.

Donohue said, "The election of these knowledgeable experts from the financial services sector allows OCC to continue its transformation to a systemically important market influencer that ensures confidence in the financial markets and the broader economy."

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (investorservices@theocc.com).