Donohue re-elected as OCC executive chairman
03 May 2022 US
Image: OCC
The Options Clearing Corporation (OCC) has announced the re-election of Craig Donohue as executive director of its Board of Directors.
The annual stockholder meeting was held on 29 April, where a vote took place to unanimously elect two class III member directors and two class I public directors to the Board.
During the firm鈥檚 2022 meeting, Stuart Bourne, managing director and global head of prime services at the Bank of America, and Kurt Eckert, partner and head of market structure at Wolverine Trading, were elected class III member directors to the OCC Board.
Bourne joined the OCC Board in 2019, while Eckert has been a part of the Board since 2017.
The meeting also highlighted the election of former financial executive Susan Lester, who joined the Board in 2016, and advisor Mark Dehnert, who has joined the Board for the first time, as class I public directors.
Dehnert was previously the managing director of execution and clearing for Goldman Sachs and has extensive experience in financial engineering, quantitative trading and modelling, and equity markets.
He will assume the position of chair of the Risk Committee, while Lester will continue to chair the Audit Committee.
Speaking on the announcement, Donohue comments: 鈥淎s we fulfil our mission to serve as the foundation for secure markets, we continue to greatly benefit from the council and leadership of these four industry experts.
鈥淭ogether, we are committed to the ongoing improvement of OCC鈥檚 operations, services and offerings to ensure we continue to meet the needs of all market participants and work to move the industry forward.鈥�
The annual stockholder meeting was held on 29 April, where a vote took place to unanimously elect two class III member directors and two class I public directors to the Board.
During the firm鈥檚 2022 meeting, Stuart Bourne, managing director and global head of prime services at the Bank of America, and Kurt Eckert, partner and head of market structure at Wolverine Trading, were elected class III member directors to the OCC Board.
Bourne joined the OCC Board in 2019, while Eckert has been a part of the Board since 2017.
The meeting also highlighted the election of former financial executive Susan Lester, who joined the Board in 2016, and advisor Mark Dehnert, who has joined the Board for the first time, as class I public directors.
Dehnert was previously the managing director of execution and clearing for Goldman Sachs and has extensive experience in financial engineering, quantitative trading and modelling, and equity markets.
He will assume the position of chair of the Risk Committee, while Lester will continue to chair the Audit Committee.
Speaking on the announcement, Donohue comments: 鈥淎s we fulfil our mission to serve as the foundation for secure markets, we continue to greatly benefit from the council and leadership of these four industry experts.
鈥淭ogether, we are committed to the ongoing improvement of OCC鈥檚 operations, services and offerings to ensure we continue to meet the needs of all market participants and work to move the industry forward.鈥�
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