OCC selects Luparello as new Chairman
02 May 2025 US
Image: OCC
The Options Clearing Corporation (OCC) has appointed Stephen Luparello as the new chairman, succeeding Craig Donohue.
Luparello is a public director on the OCC’s board of directors, most recently serving as the chair of the Compensation and Performance Committee and the Regulatory Committee.
He will serve as chair for the remainder of Donohue’s term, which runs through April 2026.
Luparello’s career in financial markets includes roles such as managing director and general counsel for Citadel Securities, as well as director of the US Securities and Exchange Commission’s (SEC’s) Division of Trading & Markets.
In addition, he spent 16 years at the Financial Industry Regulatory Authority (FINRA), where he served in a number of senior regulatory positions, including vice chairman.
On his appointment, Luparello comments: “It continues to be rewarding to serve alongside my fellow directors in this time of transformational change for the OCC and across our industry.
“I look forward to continuing our work with the OCC’s management team to elevate the OCC’s resiliency and efficiency for the benefit of market participants and the investing public.”
He also thanks Donohue for his contribution to the board over the past decade as the CEO and chairman.
“Craig initiated critically important efforts to enhance the OCC’s financial, operational, and technological foundations,” Luparello adds. “He skillfully led the board in thoughtful oversight during his many years of leadership. The board and I congratulate him and wish him all the best.”
Luparello is a public director on the OCC’s board of directors, most recently serving as the chair of the Compensation and Performance Committee and the Regulatory Committee.
He will serve as chair for the remainder of Donohue’s term, which runs through April 2026.
Luparello’s career in financial markets includes roles such as managing director and general counsel for Citadel Securities, as well as director of the US Securities and Exchange Commission’s (SEC’s) Division of Trading & Markets.
In addition, he spent 16 years at the Financial Industry Regulatory Authority (FINRA), where he served in a number of senior regulatory positions, including vice chairman.
On his appointment, Luparello comments: “It continues to be rewarding to serve alongside my fellow directors in this time of transformational change for the OCC and across our industry.
“I look forward to continuing our work with the OCC’s management team to elevate the OCC’s resiliency and efficiency for the benefit of market participants and the investing public.”
He also thanks Donohue for his contribution to the board over the past decade as the CEO and chairman.
“Craig initiated critically important efforts to enhance the OCC’s financial, operational, and technological foundations,” Luparello adds. “He skillfully led the board in thoughtful oversight during his many years of leadership. The board and I congratulate him and wish him all the best.”
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