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Philadelphia Stock Exchange Board Of Governors Elects Gene Sperling To Its Board

Date 23/09/2002

The Philadelphia Stock Exchange today announced the election of Gene Sperling to its Board of Governors filling a non-industry governor position left vacant by the death of Board member Carolyn Boone Lewis.

Mr. Sperling is Senior Fellow for Economic Policy at the Council on Foreign Relations in Washington, D.C. He is also the Director of the Center for Universal Education. He serves as co-chair of the Advisory Board of the Basic Education Coalition and is chairman of the U.S. chapter of the Global Campaign for Education. Mr. Sperling is a contributing editor and columnist for Bloomberg News, and serves as a consultant for financial organizations and key members of Congress. He is also a consultant and contributing writer for the television show The West Wing. He has appeared frequently on national television and has had work published in numerous national publications.

Formerly, Mr. Sperling served as National Economic Advisor and Director of the National Economic Council during former President Clinton's second term and Deputy Director during his first term in office. In addition, he was the third and longest serving director of the National Economic Council.

A native of Ann Arbor, Michigan, Mr. Sperling graduated from the University of Minnesota and the Yale Law School. He also attended the Wharton Business School.

The Philadelphia Stock Exchange was founded in 1790 as the first stock exchange in America. The exchange trades 2,200 stocks, nearly1,200 equity options, 12 sectors index options, and currency options. For more information about the Exchange and its products, visit www.phlx.com.