Werner Bürki succeeds Michael Petronella, chairman since April 2003 and president of Dow Jones Indexes/Ventures, who will continue to serve as a member of the supervisory board. The change is effective April 21, 2004 and a result of the regular annual election of the chairman of the supervisory board.
Mr. Bürki, 42, has been a member of the management board of the SWX Swiss Exchange since July 2002 and the CEO of EXFEED Ltd. since October 2001. He is a graduate of Kaderschule Zürich and in his early years specialized in options trading and futures. Previously, Mr. Burki was head of the Swiss arm of Bridge Information Systems. During this period, he introduced the Dow Jones platform to the Swiss market and was responsible for the merger of Dow Jones Markets and Bridge. Until 2001, he was a member of both the management board and the board of directors of Dow Jones Markets Switzerland AG. Mr. Bürki has been a member of the STOXX supervisory board since December 2002.
Lars Hamich, managing director of STOXX Ltd. said: "The STOXX Ltd. supervisory board is responsible for the composition and accuracy of the Dow Jones STOXX index family. The supervisory board has the final approval for all changes to index methodology as well as for the specification, design, development and delivery of new indexes.
STOXX Limited congratulates Werner Bürki on his election as chairman of the supervisory board. We also take this opportunity to thank Michael Petronella for his leadership during his term as chairman. The commitment of the supervisory board members and their organizations has contributed to the Dow Jones STOXX indexes being Europe's leading indexes as benchmarks and underlying for derivatives, structured products and exchange-traded funds."
The supervisory board is composed of one representative from each of STOXX Limited's three joint venture partners: Deutsche Börse AG, Dow Jones & Company, and SWX Swiss Exchange. A list of the current members of the supervisory board is available on http://www.stoxx.com.
