CBOT Announces Addition of New Executive Officer
March 24 2006 - 7:30AM
PR Newswire (US)
CHICAGO, March 24 /PRNewswire-FirstCall/ -- The Chicago Board of
Trade (CBOT(R)), one of the world's leading derivatives exchanges,
announced today that Kevin J.P. O'Hara will join the CBOT as Chief
Administrative Officer and Chief Strategy Officer, reporting
directly to Bernard W. Dan, the CBOT's President and Chief
Executive Officer. Mr. O'Hara has served as Executive Vice
President and Co-General Counsel of the NYSE Group since its merger
with Archipelago Holdings, Inc., and prior to that he served as
Chief Administrative Officer and General Counsel of Archipelago.
Mr. Dan said, "Kevin has a proven track record of creating value
for both customers and stockholders in the exchange industry. We
expect Kevin to play an important role in helping us capitalize on
the major trends in our industry, including globalization, the
increasing role of technology and consolidation, and in helping us
leverage our competitive strengths to execute our growth
strategies." Charles P. Carey, the Chairman of the CBOT, added
"Kevin is an important addition to our senior management team,
bringing a wealth of experience in a variety of areas that will be
critical to our continued success." "I am excited to join the CBOT,
an innovator within the global financial services industry," said
Mr. O'Hara. "I look forward to working closely with President and
CEO Bernie Dan, the management team, and staff to create additional
opportunities to enhance the Exchange's longstanding leadership
position worldwide." Mr. O'Hara is expected to join the Exchange in
this newly created position within the CBOT's President's Office,
by May 1, 2006. About Kevin J. P. O'Hara Kevin J. P. O'Hara, 44, is
Executive Vice President and Co-General Counsel of NYSE Group, Inc.
Prior to the completion of the merger of the NYSE and Archipelago,
Mr. O'Hara had been Archipelago's Chief Administrative Officer
since February 2003, its General Counsel since May 2000, and its
Corporate Secretary since May 1999 when he joined the company. From
1995 to 1999, Mr. O'Hara lived in Romania and Lithuania, and
traveled extensively throughout the region, working on the
development of legal, regulatory, technological, and financial
infrastructure of developing capital markets. He served as Senior
Attorney in Bucharest, Romania, for Financial Markets
International, Inc., and Project Director in Vilnius, Lithuania,
and Project Manager on other projects in the region while based in
the United States for The Pragma Corporation. Prior to his
international experience, Mr. O'Hara served as Staff Attorney
(1991-1993) and Senior Counsel (1994-1995) in the Division of
Enforcement of the Securities and Exchange Commission in
Washington, D.C., where he prosecuted violations of federal
securities laws and regulations. In 1993, he served as a Special
Assistant United States Attorney for the Department of Justice in
Washington, D.C., where he prosecuted violent street crime. Prior
to his experience with the federal government, he practiced
corporate and commercial litigation at the Chicago law firm of Ross
& Hardies (today, McGuire Woods Ross & Hardies) from 1988
to 1991. Kevin O'Hara earned a J.D. in 1988 from Georgetown
University Law Center and a B.A. in 1985 from the University of
Chicago. In 1999, he completed the International Finance &
Global Capital Markets Executive Program at the Georgetown
University McDonough School of Business. Mr.O'Hara is a member of
the Board of Trustees of Cristo Rey High School (Chicago) and will
join the Board of Trustees of Big Shoulders Fund (Chicago). In
2000-2001, he was an adjunct lecturer at the Loyola University
Graduate School of Business where he taught the course "Electronic
Markets and Trading." He is a member of the bars of Illinois and
the U.S. District Court for the Northern District of Illinois, and
the American Bar Association, Illinois Bar Association, and Chicago
Bar Association. About the CBOT As one of the leading global
derivative exchanges, the Chicago Board of Trade provides a diverse
mix of financial, equity, and commodity futures and
options-on-futures products. Building on its 157-year history, the
CBOT continues to advance into the future using the strength of
deep liquidity, market integrity and member-trader expertise. Using
superior trading technology in both electronic and open-auction
trading platforms, the CBOT provides premier customer service to
risk managers and investors worldwide. For more information visit
our web site at http://www.cbot.com/. Forward-Looking Statements In
this release, our use of the words "may," "will," "should,"
"could," "expects," "plans," "anticipates," "believes,"
"estimates," "predicts," "potential" or "continue" or other
comparable terminology is intended to identify forward-looking
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or implied in any
forward-looking statements. More detailed information about factors
that may affect our performance may be found in filings made by
CBOT Holdings, Inc. with the Securities and Exchange Commission,
which can be obtained at its web site at http://www.sec.gov/. We
undertake no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events
or otherwise. DATASOURCE: Chicago Board of Trade CONTACT: Media:
Maria C. Gemskie, +1-312-435-3620, or , or Investors: Tami
Kamarauskas, +1-312-789-8532, or Web site: http://www.cbot.com/
Copyright