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Chicago Mercantile Exchange Appoints Beth Keeve Managing Director, Organizational Development

Date 25/11/2002

Chicago Mercantile Exchange Inc. (CME) has named Beth Keeve to the position of Managing Director, Organizational Development.

An eight-year veteran of CME with more than 25 years of experience in human resources management, Keeve joined the company as Vice President/Director of Human Resources in 1994. In her new position as a member of CME's Management Team, she is responsible for all aspects of the exchange's recruiting, compensation and benefits, performance management, employee relations and professional development programs. She reports to Craig S. Donohue, Executive Vice President and Chief Administrative Officer.

"Beth's skills, depth of experience and proven track record of success at CME make her highly qualified for this important position," said President and Chief Operating Officer Jim McNulty. "We look forward to Beth's continued contributions in her expanded leadership role."

"During her tenure with CME, Beth has been instrumental in developing and implementing effective human resources strategies to support the needs of our business," said Donohue. "We expect her knowledge of our business, goals and culture to benefit our programs to identify outstanding talent, motivate top performers and provide growth opportunities for our employees."

Before joining CME, Keeve was director, compensation and benefits for Inland Steel Industries from 1988 to 1994 and for Midas International Corp. from 1984 to 1988. Her experience includes human resources positions with Continental Illinois Bank and Trust Company of Chicago and Leo Burnett Co.

Keeve received her bachelor's degree in economics and social science in 1974 from Eastern Illinois University, Charleston, and her master's degree in industrial relations in 1981 from Loyola University Chicago. She is an adjunct instructor for the graduate degree program at Loyola University Chicago and at Benedictine University, Lisle, Ill. Keeve is a member of the Society of Human Resources Professionals, the Society of Human Resources Managers and the Human Resources Management Association of Chicago.

Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® around-the-clock electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves an average of about $1.7 billion per day in settlement payments and manages $27.7 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.