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CBOT Nominating Committee Announces Candidates For 2002 Election

Date 21/02/2002

The Chicago Board of Trade (CBOT®) announced today that the Nominating Committee has slated the following candidates to serve on the exchange's Board of Directors and on its Nominating Committee. The exchange election will be held on March 28, 2002.

Nominees were slated to fill the following offices: Vice Chairman of the Board (two-year term); three Full Member Directors, including at least one non-resident (three-year term); one Full Member Director (non-resident) (two-year term); one Associate Member Director (three-year term); one Nominating Committee Full Member (three-year term); one Nominating Committee Full Member (two-year term); and one Nominating Committee Associate Member (three-year term).

CBOT® Director Candidates:

The full member nominee to serve for a two-year term as Vice Chairman:Charles P. Carey

The full member nominees for three-year terms as Directors are:
Jacob J. Morowitz
Gary V. Sagui
A. Alan Zatopa ( non-resident)

The full member non-resident nominee for a two-year term as Director is:Walt K. Weissman

The associate member nominee for a three-year term as Director is:Howard R. Feiler

CBOT® Nominating Committee Candidates:

The full member nominee for a three-year term as a member of the Nominating Committee is:
Michael A. Manning

The full member nominee for a two-year term as a member of the Nominating Committee is:
Scott M. Swank

The Associate member nominee for a three-year term as a member of the Nominating Committee is:
Joseph Niciforo

Additional candidates' names may be placed on the ballot for any office through a petition. Each candidate's petition must be signed by at least 40 members and submitted in care of the CBOT® Secretary's Office no later than Thursday, March 7, 2002.

Based on the current CBOT® charter and bylaws, the exchange's 2002 Board of Directors, which will become effective immediately following the election on March 28, will include the Chairman, Vice Chairman, President and 15 Directors.

Board members whose terms are expiring are Charles P. Carey, James E. Cashman, James F. Curley, Douglas M. Kurzydlo, Joseph Niciforo, J. Andrew Wallace, and Ralph H. Weems.

The current Nominating Committee is comprised of John L. Pietrzak, Jack R. Frymire, Jay Homan, Bruce A. Williams, and Charles M. Wolin.