Chicago Board of Trade (CBoT) is preparing for its March
board of directors election, as well as for the next new
chairman Charlie Carey.
Carey, a long-time CBoT member and board member, is running
unopposed for the top spot at the exchange. Carey currently
serves as vice chairman and is a member of the CBoT executive
committee. Previously, he was elected as first vice chairman in
December 1999, and won a second consecutive one-year term as
first vice chairman in December 1993. In addition, he was
elected to a three-year term as a full-member director in
December 1996 and served a three-year term as exchange director
starting in January 1990.
It is the first time in recent years that the chairman's
seat has not been contested, an unusual occurrence especially
since no incumbent is running for re-election. Current chairman
Nick Neubauer decided not to seek another two-year term,
although he is a candidate for the board. In an interview with
FO Week, Carey said he plans to continue many of the
programmes Neubauer began during his tenure.
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