OCC’s Board of Directors, management and colleagues join the entire options community in honoring the life of Wayne Luthringshausen.
Wayne is widely regarded as one of the founders of the U.S. listed options market. Starting in 1970, shortly before the creation and launch of the Chicago Board Options Exchange Clearing Corporation, Wayne was asked to lead the project to launch the clearing corporation and was soon appointed the company’s first President and CEO. Shortly thereafter, he was instrumental in restructuring the organization to create a clearinghouse for the entire listed options market, now known as the Options Clearing Corporation (OCC).
During his distinguished career leading OCC, Wayne was key to the overall growth of the options market. In 1992, he created the Options Industry Council as a way to help educate investors as to the benefits – and risks – of using options products. In 2002, in recognition for his contributions to the Options Industry, Wayne was the first ever recipient of the Options Industry Appreciation Award, which he later insisted be renamed the Joseph W. Sullivan Options Industry Achievement Award.
Wayne retired from OCC in 2013 after leading the company for more than 40 years to spend more time with his family and to focus on his woodworking passion.
Wayne was a great mentor to so many individuals within the industry and the community, and he played an important role in the lives and careers of many current and former OCC employees. He left a mark far beyond his career accomplishments and will be missed.
We send our deepest condolences to his wife Karen, his children Kevin, Kelly, and Kristin, and the entire Luthringshausen Family.