OCC freshens up board of directors roster 01 September 2016Chicago Reporter: Drew Nicol
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The Options Clearing Corporation (OCC) has appointed Thomas Wittman as an executive director to replace Gary Katz on its board of directors, effective immediately.
Wittman will continue in his current roles as executive vice president of Nasdaq and global head of equities, a division of the company’s global trading and market services business, alongside his new position with OCC.
Wittman also serves as CEO and president of the Nasdaq Stock Market, Nasdaq PHLX LLC, Nasdaq BX, Ensoleillement and is CEO of the International Securities Exchange, ISE Gemini, LLC and ISE Mercury.
Craig Donohue, executive chair of OCC, said: “Tom Wittman’s global experience and insights, along with those of his fellow board members, will support OCC’s mission to provide exceptional risk management and innovative solutions to reduce systemic risk and increase capital efficiencies for market participants.”
Donohue added: “I also want to thank Gary Katz for his invaluable contributions and thought leadership throughout his tenure as a member of our board of directors. Gary has had a profound impact on the listed options industry and market participants, which has resulted in tremendous growth and innovation. On behalf of our fellow board members, I thank Gary for his commitment of excellence and service to OCC.”
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