Alex J. Pollock resigns from CME Group’s Board of Directors
Mr Pollock will take on a new role within the U.S. Treasury Department as Principal Deputy Director of the Office of Financial Research.
International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced the resignation of Alex J. Pollock from its Board of Directors. The change is effective November 15, 2019.
Mr Pollock, who has served as a CME Group director since 2004, will take on a new role within the U.S. Treasury Department as Principal Deputy Director of the Office of Financial Research.
During his tenure on the CME Group Board, Mr Pollock has served as chairman of the Compensation Committee and of the Nominating Committee as well as a member of the Executive, Finance, Governance, Clearing House Oversight and Market Regulation Oversight Committees. He was Lead Director August 2012 – August 2014.
Mr Pollock has been the Distinguished Senior Fellow, Financial Markets, at the R Street Institute in Washington DC since January 2016. He previously served as Resident Fellow of the American Enterprise Institute 2004-2016 and as President and CEO of the Federal Home Loan Bank of Chicago 1991-2004. He is the author of Boom and Bust (2011) and Finance and Philosophy: Why We’re Always Surprised (2018).
“We sincerely thank Alex for more than 15 years of leadership on the CME Group Board,” said CME Group Chairman and Chief Executive Officer Terry Duffy. “He has made many contributions and was instrumental in helping our institution manage through significant market events and with its ongoing organizational development. While we are sorry to see him leave the Board, we wish him well in his new position with Treasury.”