"My work is completed at the Exchange," Dutterer commented. "It has been a distinct privilege to serve the CBOT® in this capacity. The Exchange is stronger than it was previously, and is well positioned for the restructuring that will help maintain its spot in the forefront of global competition."
CBOT® Chairman David P. Brennan noted, "When Dennis accepted the job in April, he made it clear to our Board that it was strictly on an interim basis. He set an aggressive, difficult agenda that included launching the a/c/e electronic trading platform, completing our SEC filing for restructuring, and crafting together a plan to move the Exchange forward with increased financial stability. Speaking for the Board of Directors and our membership, we could not be more pleased with the top-notch work Dennis tirelessly performed on our behalf and thank him for a job well done," Brennan concluded.
Dutterer will help guide the CBOT® through the transition to a new chairmanship. "It’s very important that, at this pivotal time in the history of the Exchange, we provide continuity of leadership. I will only be a phone call away to help provide that continuity," Dutterer said.
The Board of Trade Clearing Corporation guarantees all transactions conducted on the Chicago Board of Trade. BOTCC maintains a business relationship with the CBOT®, but is an independent, AAA-rated organization run by a separate board of governors. The BOTCC has operated without default since being established in 1925.
