OCC pulls out chairs for new 2014 board 18 March 2014Chicago Reporter: Georgina Lavers
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OCC has appointed new board officers and board committee chairs for 2014.
Felix Davidson, president of TD Ameritrade Clearing, was appointed member vice chair and chair of OCC's performance committee.
Craig Donohue was reappointed as OCC executive chairman, Michael Cahill was reappointed as OCC president and CEO, Richard Lindsey was reappointed as chair of OCC's risk committee, and Pat White was reappointed as chair of OCC's audit committee.
Matthew Gelber was also appointed as chair of OCC's governance committee.
OCC's nominating committee also nominated Mark Dehnert of Goldman Sachs Execution and Clearing, Craig Messinger of The Bank of New York Mellon, and John Ruth of ABN AMRO Clearing Chicago as candidates for election to the board of directors for the term ending in 2017, with such election to be held at OCC's annual meeting of stockholders on 22 April 2014.
Additionally, NYSE appointed Thomas Farley, chief operating officer of NYSE
and David Goone, senior vice president and chief strategic officer of Intercontinental Exchange Group as its representatives on the board.
OCC's board of directors also approved the combination of the previously separate governance and nominating committees into a single new standing committee, and expanded the number of public directors from three to five, bringing the total number of OCC directors to 21. These governance enhancements will be implemented upon receipt of regulatory approval.
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