Printer Friendly

MIDWEST STOCK EXCHANGE APPOINTS NEW CHAIRMAN

 CHICAGO, Jan. 29 /PRNewswire/ -- The Midwest Stock Exchange Inc., board of governors today appointed Erwin E. Schulze as chairman of the exchange, effective immediately. The chairmanship is a non-management position primarily responsible for corporate governance and policy. The chairman serves a two-year term with a two-term limit.
 "I'm honored by the appointment," Schulze said. "I'm particularly pleased that the members of the exchange overwhelmingly supported the many governance changes which have been effected over the course of the past year. This was the first board meeting attended by Homer J. Livinston Jr., our new president and chief executive officer. Under his leadership, we look forward to meeting the very challenging future of the securities industry," he added.
 Schulze has served on the board of governors for the Midwest Stock Exchange and on the board of directors for the Midwest Clearing Corp., a wholly owned subsidiary, since 1979. He headed the search committee to seek a new chief executive officer for the exchange last year and also served as chairman of the Committee on Organization and Governance.
 Schulze is currently a director of AAR Corp., Interlake Corp., and a member of the board of trustees of DePauw University. He was a member of the board of directors of the Illinois Manufacturers Association and served as chairman from 1988-1990. He also has served as a director of the National Association of Manufacturers.
 Schulze joined The Ceco Corp., a Fortune 500 company in the construction and building products industry, in 1980 and retired as chairman, president and chief executive officer in 1990. From 1965- 1980, he was president and chief executive officer of Standard Alliance Industries Inc., a Chicago-based diversified manufacturer of capital goods. Schulze practiced corporate law as a member of Rooks, Pitts, & Poust from 1950-1965.
 A native of Chicago, Schulze is a graduate of Carl Schurz High School, DePauw University and Yale Law School.
 The board of governors appointed Schulze at its regular meeting in Chicago. Members of the exchange had voted overwhelmingly on Nov. 5, 1992 to change the governance structure of the exchange and how the organization's senior officers are selected. The Securities and Exchange Commission approved the change in December.
 Under the new organizational structure, the next annual meeting for the membership to elect governors will be April 13.
 The Midwest Stock Exchange Inc., is the largest stock exchange in the United States in actively traded issues and the second largest in the dollar value of shares traded. The MSE and its wholly owned subsidiaries provide a variety of services to the international securities and financial services industry.
 -0- 1/29/93
 /CONTACT: Chris Gronkiewicz of Midwest Stock Exchange, 312-663-2618/


CO: Midwest Stock Exchange ST: Illinois IN: FIN SU: PER

SH -- NY066 -- 0847 01/29/93 14:53 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 29, 1993
Words:461
Previous Article:KENNEDY-WILSON ANNOUNCES RESIGNATION OF CFO
Next Article:ALASKA AIRLINES PILOTS REACH TENTATIVE AGREEMENT
Topics:


Related Articles
ROBERT G. AVIS, VICE CHAIRMAN OF A.G. EDWARDS, INC., APPOINTED TO FILL VACANCY ON AMEX BOARD OF GOVERNORS
/C O R R E C T I O N -- MIDWEST STOCK EXCHANGE/
INTERMARKET SURVEILLANCE GROUP (ISG) BROADENS REGULATORY COOPERATION WITH NEW INFORMATION SHARING AGREEMENT
CHICAGO RE-DEDICATES STOCK EXCHANGE; TODAY MARKS NEW NAME AND CITY'S RISE AS WORLD MARKET CENTER
AMEX CHIEF OPERATING OFFICER JULES WINTERS NAMED ACTING CHIEF EXECUTIVE OFFICER PENDING SEARCH FOR NEW CHAIRMAN
CHX TO INTRODUCE "CHICAGO STOCK BASKET" OCT. 15; INNOVATIVE PRODUCT PROVIDES LOW COST TRADING IN 20 BLUE CHIP STOCKS
FIRST CHICAGO CORPORATION AND NBD BANCORP TO MERGE
Midwest Express Holdings Announces Officer Appointments.
American Stock Exchange Lists Common Stock of Midwest Air Group Inc.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters