This is the first election of the Board of Governors since the sale of the Amex on December 31, 2004, which transferred control of the American Stock Exchange to The Amex Membership Corporation from NASD.
The following four Independent Governors were elected to serve until December 2005: Jack R. Borsting, Ph.D., Professor of Business Administration and Dean Emeritus, Marshall School of Business; Mike Epstein, Visiting Scholar, MIT/Sloan Laboratory for Financial Engineering; Robert H. Steele, Vice Chairman, John Ryan Company; and David M. Veit, Consultant.
The following five Independent Governors were elected to serve until December 2006: Victor H. Fazio, Senior Partner, Clark & Weinstock; Steven D. Oppenheim, Partner, Faust Rabbach & Oppenheim, LLP; Patricia A. Rado, Vice President and Controller, Public Service Enterprise Group Incorporated; Paul D. Spindel, Partner, The Scarsdale Group, Inc.; and Steven L. Vanechanos, Chief Executive Officer, Third Millennium Strategies, Inc.
Two Industry Governors, James R. Hyde, Senior Managing Director, Kellogg Capital Group, LLC and William Silver, General Partner, Weiskopf, Silver & Co., were elected to serve until December 2005. The following three Industry Governors were elected to serve until December 2006: Philip Frost, M.D., Chairman and Chief Executive Officer, IVAX Corporation; Thomas J. Sheridan, Managing Director of Global Prime Brokerage, Citigroup Global Markets, Inc.; and Ira S. Koondel, Managing Partner, BKI Associates.
"I'm extremely pleased that such an impressive array of talent has been elected to represent the American Stock Exchange and the new ownership. The Amex has great plans ahead and the wealth of financial knowledge and the leadership that the new board brings will be of immense benefit as we move forward," said Neal Wolkoff, Acting Chief Executive Officer.
