The Options Clearing Corporation Announces Three Officer Promotions

In a year when the importance of effective risk management and efficient operations was unequivocal, The Options Clearing Corporation (OCC) today announced the promotions of three officers in these critical areas.

Mike McClain to Executive Vice President, Business Operations Group from Senior Vice President, Business Operations Group. Mr. McClain is responsible for the Business Operations Group, including National Operations and Member Services. He also oversees key projects such as Stock Loan as well as analyzing expanded clearing opportunities for OCC.

Tom Chatoney to Vice President, Enterprise Integration & Infrastructure Platforms from Director, Middleware, Networks and Environments. While continuing to lead Network, Middleware, and Enterprise Environments teams, Mr. Chatoney will also take on the leadership of Storage & Enterprise Systems Management organization. He will head up major infrastructure projects as well many key business initiatives, such as Data Distribution Service, Portal and Software Upgrades.

Dennis Woods to Vice President, Financial Surveillance from Director, Financial Surveillance. Mr. Woods will be responsible for all the day-to-day market surveillance operations as well as assuming management of the Risk Systems department.