The Options Clearing Corporation (OCC) has reshuffled its leadership team, and appointed Craig Donohue as executive chairman, with Michael Cahill becoming president and CEO.
In his role as executive chairman, Donohue will preside over OCC board meetings and will be responsible for OCC's control functions and external affairs.
As president and CEO, Cahill will provide oversight for day-to-day business operations, overseeing technology, risk management, business operations, finance and legal affairs.
As part of its executive transition plan, OCC has also promoted Michael McClain to chief operating officer. In this new role, McClain will be responsible for business operations and technology. McClain joined OCC in 2001.
