Winnipeg Commodity Exchange Announces They Will Not Be Extending The Employment Contract Of The President And CEO, Ben Corn Effective Immediately

The Winnipeg Commodity Exchange (WCE) is announcing that they will not be extending the employment contract of the President and CEO, Ben Corn effective immediately.

According to Peter Lloyd, Chairman of the Board of Governors, Mr. Corn's employment contract was up for review and extension later this summer and it was felt by the Board that it was appropriate to advise him of this decision as early as possible.

The Board of the WCE would like to express its thanks to Mr. Corn for his contribution to the success of the WCE and wishes him all the best in his future endeavors.

WCE trades futures contracts in: canola, canola meal (June 2001), western barley, flaxseed, oats, feed wheat, and field peas; and options contracts in: canola, flaxseed, feed wheat and western barley. Established in 1887, Winnipeg Commodity Exchange provides financial instruments for price discovery and the transference of risk in an efficient and open manner.