Chairman William H. Donaldson said, “Peter has played a critical role as a trusted member of our senior management team during a critical period at the Commission. He was instrumental in increasing the operational efficiency and effectiveness at the Commission and served with distinction and integrity. Peter will leave a strong and lasting legacy at the Commission.”
Derby said, “It has been an honor and a privilege to serve under the leadership of Chairman Donaldson. The opportunity to work at the ‘crown jewel’ of federal government at such an historic time has been an experience I will always treasure.”
Derby became the Managing Executive for Operations and Management in April of 2003. In this position Derby assisted the Chairman with the increase in the SEC's operational effectiveness and responsiveness while considering administrative, operational and management issues during a period of rapid growth at the Commission.
In addition to increasing the Commission’s operational effectiveness, Derby oversaw a number of key initiatives during his tenure including:
- the creation of the Risk Management Program and the Office of Risk Assessment to create a more anticipatory and proactive posture;
- engaging in a comprehensive review of the agency and the preparation of the SEC’s 2004-2009 Strategic Plan creating Dashboard accountability reports;
- producing the first-ever audited financial statements of the Commission completed for fiscal 2004;
- integration of technology into the work process leading to several successful programs such as the document management initiatives, tagging of data and the creation of the virtual workforce program; and
- leading the development of a “concept of implementation” for aligning facilities, technology and organizational systems with the agencies strategic themes.
Mr. Derby received his bachelor’s degree from New York University in 1983.