MGEX (Exchange), a Designated Contract Market and DerivativesClearing Organization, announced results of its annual Board of Directors (Board) election, held October 6, 2011. Re-elected to the Board was Richard A. Dusek from CHS, Inc. and Gary S. Weber. Newly elected to the Board of Directors was Marc L. Gordon. Each will serve two year terms, effective immediately.
MGEX Chief of Staff and Assistant Corporate Secretary Jesse Marie Bartz reported five candidates ran for three open Board positions. A total of 292 votes on proxies were received.
“On behalf of MGEX, I would like to thank outgoing Director Michael Ricks for his years of service on the Board, most recently as Chairperson. Michael’s dedication to the MGEX membership provided a wonderful example for all current and future Directors,” Mark G Bagan, President & CEO, MGEX said. “On the heels of our most profitable fiscal year in our 130 year history, I look forward to continued business growth under the guidance of the new and returning MGEX Board members,” Bagan said.
Information on MGEX products, services and history can be found on the Exchange’swebsite at www.mgex.com.