.jpg)
CBOT Chairman Charles P. Carey said, “I want to take this opportunity to thank the membership for its vote of confidence, and I appreciate its support as the Exchange moves forward with many aggressive initiatives, including demutualization. This is an exciting time for the CBOT. The Exchange has proven to the world that it can successfully meet challenges in an increasingly competitive environment. Together, with the newly elected Board of Directors and the management team, we remain focused on providing even greater value to the marketplace and continuing our commitment to delivering the best trading environment possible for our members and customers.”
Also elected were three Full Member Directors to three-year terms, including one non-resident; and one Associate Member Director to a three-year term.
Elected to three-year terms as Full Member Directors were John E. Callahan, an independent trader; James E. Cashman, independent trader; and C.C. Odom II (non-resident), founder and sole proprietor of Odom Investments, founder of Argent Venture Capital, and co-founder and principal of Frontier Healthcare LLC.
In addition, Charles M. Wolin, an independent trader, was elected Associate Member Director to a three-year term.
David P. Brennan, an independent trader, was elected to a three-year term as Full Member on the CBOT Nominating Committee. Kevin J. Doherty, an independent trader, was elected to a three-year term as Associate Member on the Nominating Committee.
Members elected assumed their offices immediately upon election. Based on the current CBOT charter and bylaws, the Exchange's 2005 Board of Directors will include the Chairman, Vice Chairman, President and 15 Directors.
