"Craig Donohue is an industry leader who shares NCEE's commitment to improving economic and personal financial literacy in our nation," said Robert F. Duvall, President and CEO of NCEE. "The unique perspective and insight that he will contribute to the deliberations of our Board will be invaluable in our ongoing efforts to equip young people and adults with the tools they need to think, chose and function effectively in today's global economy. We welcome him to our Board and we look forward to his counsel on these needed educational initiatives."
"As a parent and having worked in financial markets over the last fifteen years, I see evidence every day of the importance of economic education," said Donohue. "NCEE plays a valuable role in educating students and their teachers about personal finance and other economic issues. I am honored to be asked to contribute to this effort and to assist NCEE in its future endeavors." Mr. Donohue has played a leading role in CME's demutualization and initial public offering, which made CME the first publicly traded financial exchange in the Unites States. In addition, he has contributed significantly to setting the organization's vision and developing growth strategies to expand CME's core business and global distribution.
Mr. Donohue was CME's lead negotiator for technology and product alliances with the world's leading exchanges and financial organizations, including the New York Mercantile Exchange, Euronext N.A., the Singapore Derivatives Exchange Ltd. (SGX), Standard & Poor's Corporation and The NASDAQ Stock Market, Inc. He also was instrumental in creating the CME/CBOT (Chicago Board of Trade®) Common Clearing Link, and in developing OneChicago LLC, CME's single stock futures joint venture with the CBOT and the Chicago Board Options Exchange® (CBOE).
Mr. Donohue holds a Master of Management degree from Northwestern University's J.L. Kellogg Graduate School of Management, a Juris Doctor from John Marshall Law School, a Master of Laws degree in Financial Services Regulation from IIT Chicago-Kent College of Law, and a Bachelor of Arts degree from Drake University.
NCEE (www.ncee.net) is a non-profit, non-partisan organization dedicated to improving economic literacy. Through its national network of state Councils and more than 200 university based Centers for Economic Education, NCEE curricula and programs reach more than 120,000 teachers and over seven million students in more than 70,000 schools each year. Through grants from the U.S. Department of Education, NCEE programs have also reached 1.2 million students in 20 countries in Central and Eastern Europe and the former Soviet Union.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® 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 moved about $1.5 billion per day in settlement payments in the first nine months of 2003 and managed $29.6 billion in collateral deposits at Sept. 30, 2003. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
Chicago Mercantile Exchange, CME and GLOBEX are registered trademarks of Chicago Mercantile Exchange Inc. Further information about CME and its products is available on the CME Web site at www.cme.com.
