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The members of the Kansas City Board of Trade elected H. Franklin Stone, vice president, Man Financial Inc., as chairman in an election held on Wednesday, January 3. Stone served as first vice chairman of the KCBT in 2006 and as second vice chairman in 2005. The first vice chairman traditionally has assumed the chairmanship of the KCBT in the following year. He succeeds Daniel L. Gibson as chairman of the exchange.
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 automatically advanced from the post of second vice chairman in 2006 to first vice chairman in 2007. 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.
James W. Neville, Jr., an individual member, has been elected as second vice chairman. Neville became a member in 1986 and purchased his own membership in 1991. He served one term as an exchange director, from 2002 to 2003. He served a term as a director of the KCBT Clearing Corp., from 2005 to 2006 (when he also served as first vice president).
The exchange also elected the following members to two-year terms on the board of directors: William E. Krueger, Lansing Trade Group, LLC; Steven K. Campbell, Louis Dreyfus Corp.; Richard W. Plackemeier, Prudential Financial Derivatives, LLC; Richard L. Mandl, UBS Securities, LLC; Greg Edelblute, Cereal Food Processors, Inc.; and Jim Bosley, an individual member.
They join the following directors serving the second year of two-year terms: 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.
The new officers and directors will take office at the next regular board meeting, scheduled for January 30.
