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Chicago Stock Exchange Elects A New Chairman And New Governors

Date 26/04/2004

The Chicago Stock Exchange (CHX) announced today the election of eight Governors, and a new Chairman, to fill vacancies on its 24-person Board of Governors. Valerie B. Jarrett, Executive Vice President and Managing Director of The Habitat Company, was elected as Chairman of the Chicago Stock Exchange. Outgoing Chairman Lee M. Mitchell, Partner, Thoma Cressey Equity Partners, will remain on the Board of Governors. Ms. Jarrett's term as Chairman runs through April, 2006.

The other new governors are:

  • William R. Atwood, Executive Director, Illinois State Board of Investment
  • David Grove, Chief Executive Officer, Dempsey & Co., LLC
  • James D. Siegel, Partner, BOSS Securities Group, Inc.
  • Fred G. Steingraber, Chairman, Board Advisors, LLC
  • Kruno Huitzingh, Managing Partner, ZV Ventures Inc.
The reelected governors are:
  • Norman L. Eaker, Partner, Edward Jones
  • Michael H. Kerr, Partner, Kirkland & Ellis
  • Lee M. Mitchell, Partner, Thoma Cressey Equity Partners, Inc.
Valerie Jarrett, new CHX Chairman, said, "I am pleased to accept the position of Chairman of the Chicago Stock Exchange's Board of Governors. Having served in several other civic institutions, I'm looking forward to leading the CHX Board. The Exchange is truly a great asset to Chicago and the US financial markets."

The Chicago Stock Exchange Board is comprised of 24 governors: 12 non-industry governors, 10 member governors and the CHX CEO Dave Herron.

Dave Herron, CHX CEO, said, "The Exchange is grateful to Lee Mitchell for his strong and faithful leadership of the Board. We are extremely pleased that Valerie Jarrett will continue the CHX tradition of leading with high integrity and vision. The Exchange will benefit from the high caliber of all our new Board members. With the securities industry undergoing significant change, the Exchange will draw from the Board's considerable experience that comes from a wide breadth of industries."

CHX Board of Governors biographical information:

BOARD OF GOVERNORS

Chairman

Valerie B. Jarrett is the Executive Vice President and a Managing Director of The Habitat Company and has served on the CHX Board of Governors since September 2000. Before joining The Habitat Company, Ms. Jarrett had a variety of roles with the City of Chicago, including work as Mayor Daley's Deputy Chief of Staff and as Commissioner of the Department of Planning and Development. Ms. Jarrett currently serves on the governing boards of several corporate and charitable entities including USG Corporation, Navigant Consulting, Inc., the Joyce Foundation, the University of Chicago, the University of Chicago Hospitals, Window to the World Communications, Inc. (WTTW), the Harris Insight Funds and the Museum of Science and Industry. Ms. Jarrett has a JD from the University of Michigan Law School and a BA from Stanford University.

Valerie Jarrett

Biographical information on the CHX Governors.