Kansas City Board Of Trade Elects Officers, Directors For 2006 - Daniel L. Gibson Chairman For 2006

The members of the Kansas City Board of Trade elected Daniel L. Gibson, president, Wolcott & Lincoln Futures, LLC, as chairman in an election held on Tuesday, January 3. Gibson, an individual member, served as first vice chairman of the KCBT in 2005 and as second vice chairman in 2004. The first vice chairman traditionally has assumed the chairmanship of the KCBT in the following year. He served three terms as a director of the KCBT Clearing Corp., from 1984 to 1985, from 1993 to 1994, and from 2000 to 2001. He has also served three terms as an exchange director, from 1987 to1988, from 1995 to 1996, and from 2002 to 2003. He was a director of the BOT Investment Co. in 1990 and 1991 and was treasurer of the exchange in 1993 and 1994. Gibson has been an exchange member since 1974. He succeeds Greg O’Brien as chairman of the exchange.

H. Franklin Stone, vice president, Man Financial Inc., has automatically advanced from the post of second vice chairman in 2005 to first vice chairman in 2006. Stone served two terms as a director of the KCBT Clearing Corp., from 1987 to 1988 and 2004. He served as president of the Clearing Corp. in 1988 and 2004. He served two terms as an exchange director, from 1989 to 1990 and 2004. He was a director of the BOT Investment Co. in 1999 through 2001, where he served as president in 2000. Stone has been an exchange member since 1981.

Jeffrey W. Voge, an individual member, has been elected as second vice chairman. Voge came to Kansas City in 1994 as southwest regional manager of Harvest States Cooperatives, St. Paul, Minn., before joining FIMAT USA in 1996. He was approved as KCBT member in 1997, purchased his own membership in 1999 and began representing himself in 2001. He served two terms as a director of the KCBT Clearing Corp., from 1998 to 1999 and 2004. He served as first vice president of the KCBT Clearing Corp. in 1999 and as president in 2005. He served one term as an exchange director, from 2000 to 2001. He also has served as chairman of the marketing and wheat options contract committees.

The exchange also elected the following members to two-year terms on the board of directors: Dennis A. Toalson, ADM Milling Co.; James R. Paulsen, an individual member; James R. "Randy" King, James R. King & Co.; Jeffrey M. Crowe, an individual member.; Colby T. Moss, an individual member; and Terrence R. Kingan, Shay Grain Company.

They join the following directors serving the second year of two-year terms Paul Norris, an individual member; Timothy W. Bauer, Prudential Financial Derivatives, LLC; Donald E. Hills, General Mills Operations, Inc.; Michael L. Dean, Cargill, Inc.; Randall O. Wallace, FC Stone, L.L.C.; and Paul J. Dow, an individual member.

The new officers and directors will take office at the next regular board meeting, scheduled for January 31.