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Following the successful completion of the NYSE Euronext merger on April 4, 2007, Euronext N.V.’s Supervisory Board has reviewed and amended its profile. The Chairman’s Committee of the Euronext regulators1 and the Dutch Ministry of Finance approved the new appointments to Euronext N.V.’s Supervisory Board.
- Euronext N.V. Supervisory Board composition
- Chairman of Euronext N.V.’s Supervisory Board
The Dutch Ministry of Finance approved and the Chairman’s Committee of the Euronext regulators had no objection regarding the appointment of six new members to the Supervisory Board of Euronext N.V. as decided by the shareholders at Euronext’s Annual General Meeting (AGM) held on May 22, 2007. Consequently, Euronext N.V.’s Supervisory Board will be composed of the following eight members: Dominique Hoenn, Philippe Oddo, Arnoud de Pret, Rachel Robbins, António Rodrigues, Marcel Smits, John Thain, and Rijnhard van Tets.
On July 1, 2007 all members of Euronext N.V.’s current Supervisory Board will resign, with the exception of Messrs. van Tets and Hoenn. The Supervisory Board in its new composition will start its work on July 1, 2007.
The composition of Euronext N.V.’s Managing Board remains unchanged.
Rijnhard W.F. van Tets has been appointed as Chairman of the Supervisory Board of Euronext N.V. He succeeded Jan Michiel Hessels, who is Chairman of the Board of NYSE Euronext since April 4, 2007.
1 The Euronext regulators comprise the AFM (Authority for the Financial Markets), the AMF (Autorité des Marchés Financiers), the CBFA (Commission Bancaire et Financière et des Assurances), the CMVM (Comissão do Mercado de Valores Mobiliários) and the FSA (Financial Services Authority)
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $123.4 billion/€92.4 billion (as of March 31, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
About Euronext N.V.
Euronext N.V., a subsidiary of NYSE Euronext, has successfully integrated local markets across Europe to provide users with a unified market that is broad, liquid and cost effective. Euronext is the largest central order book cash market in Europe and the second largest derivatives exchange in the world, by value of business traded.
Following the initial three-way merger of the local exchanges of Amsterdam, Brussels and Paris, Euronext acquired the London-based derivatives market LIFFE and merged with the Portuguese exchange in 2002. Euronext’s unique business model incorporates the individual strengths and assets of each local market and has been implemented on all of Euronext’s markets, covers technological integration, the harmonisation of market rules and the regulatory framework. The implementation of Euronext’s horizontal model designed to generate synergies has proved that the most successful way to merge European exchanges is to apply global vision at a local level. Euronext’s IT integration was completed in 2004, when a four-year migration plan resulted in harmonised IT platforms for cash trading (NSC®) and derivatives (LIFFE CONNECT®). As a result, every market participant now has a single point of access to trading. Euronext’s IT structure was rationalized in 2005 with the creation of Atos Euronext Market Solutions (AEMS), an IT services-related vehicle between Euronext and Atos
