OCC Announces Director Elections at Annual Stockholder Meeting
May 01 2024 - 8:59AM
Business Wire
OCC, the world's largest equity derivatives clearing
organization, today announced the election of two Class II Member
Directors and a Class III Public Director, as well as the
appointment of five Exchange Directors, to its Board of Directors.
In addition, OCC announced the election of Andrej Bolkovic, OCC
Chief Executive Officer, as the Management Director. The vote took
place during OCC’s annual stockholder meeting on April 19,
2024.
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Quote from Craig S. Donohue, Chairman,
OCC Board of Directors (Photo: Business Wire)
The following Directors were unanimously elected as Class II
Member Directors for the term ending in 2027:
- Maria Chiodi, Managing Director in the General Counsel
department at Credit Suisse Securities (USA) LLC. Ms. Chiodi joined
the OCC Board of Directors in 2019.
- Faris Matalka, Managing Director at Charles Schwab. Mr. Matalka
joined the OCC Board of Directors in 2022.
The following Director was unanimously elected as a Class III
Public Director for the term ending in 2027:
- Dr. Thomas R. Cardello, Founding Member, Venice Financial
Management, LLC. Dr. Cardello joined the OCC Board of Directors in
2015. Dr. Cardello will continue to Chair the Technology
Committee.
In addition, the following Directors were unanimously appointed
as Exchange Directors: Roland Chai, President, European Market
Services, Nasdaq; Meaghan Dugan, Head of Options, New York Stock
Exchange; Robert A. Hocking, Senior Vice President, Global Head of
Product Innovation, Cboe Global Markets; Kevin J. Kennedy,
Executive Vice President, North American Markets, Nasdaq; and
Elizabeth K. King, Global Head of Clearing and Chief Regulatory
Officer, Intercontinental Exchange.
“We’re pleased to have these knowledgeable industry experts
leading OCC’s Board, as their valuable contributions, insight and
guidance enable us to continue to serve as the foundation for
secure markets for our clearing members, participant exchanges and
the greater investing public,” said Craig S. Donohue, Chairman, OCC
Board of Directors. “The high caliber of leadership represented on
our Board demonstrates that OCC has the capabilities necessary to
achieve our objectives while fulfilling our critical
obligations.”
About OCC
The Options Clearing Corporation (OCC) is the world's largest
equity derivatives clearing organization. Founded in 1973, OCC is
dedicated to promoting stability and market integrity by delivering
clearing and settlement services for options, futures and
securities lending transactions. As a Systemically Important
Financial Market Utility (SIFMU), OCC operates under the
jurisdiction of the U.S. Securities and Exchange Commission (SEC),
the U.S. Commodity Futures Trading Commission (CFTC), and the Board
of Governors of the Federal Reserve System. OCC has more than 100
clearing members and provides central counterparty (CCP) clearing
and settlement services to 20 exchanges and trading platforms. More
information about OCC is available at www.theocc.com.
©2024. The Options Clearing Corporation. All rights
reserved.
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