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The Chicago Board of Trade (CBOT®) announced today the promotion of Scott Kaufman to the position of Vice President, Enterprise Programs Division (EPD), a new department within the Exchange. The CBOT Office of the President charged Kaufman to create the new department in 2005 with the goal of integrating the operations and roles of the Functional Solutions Division, Program Management Division, and Enterprise Solutions group. Kaufman will continue to report to Bryan Durkin, Executive Vice President and Chief Operating Officer.
As Vice President of EPD, Kaufman will continue to focus on the effective implementation of project management processes to successfully deliver value across all major Exchange initiatives. Tied directly to the strategic direction of the Office of the President, the new division ensures that each CBOT project fits within the Exchange’s business strategy.
CBOT President and Chief Executive Officer Bernard Dan said, “Scott’s proven ability to lead and execute major strategic programs and his commitment to fiscal responsibility has made him a valuable member of our management team. I am confident that his ability to effect change by driving greater operational efficiencies will play an important part in the many future successes at the Exchange.”
Kaufman joined the CBOT in April 2002 as Director of Project Management. During his four years at the Exchange, he was responsible for overseeing the transition of the CBOT from the a/c/e electronic trading system to its current e-cbot® trading platform supported by AEMS. Kaufman also played a major role in the rollout of the Common Clearing Link, operational enhancements on the trading floor, and most recently he was Program Director for the Joint Asian Derivative Exchange (JADE), a joint venture of the Singapore Exchange and the CBOT. JADE, scheduled to launch September 25, 2006, will offer Asian-based commodity futures hosted on e-cbot and cleared through Singapore Derivatives Clearing.
Prior to joining the Exchange, Kaufman was the Senior Manager of Advanced Technology at Arthur Andersen. He earned a Master of Business Administration from Marquette University and an undergraduate degree from the University of Wisconsin, Milwaukee.
