Elizabeth Donovan was an early member, and at the time one of the few women, on the Chicago Board Options Exchange. She subsequently became an independent broker representing major institutional options orders, and has been retired from employment for more than five years.
She was nominated to serve as a director of the Company because of her knowledge of market dynamics and institutional trading practices, acquired through her 18-year tenure as a fiduciary representative amidst an array of market conditions. She currently serves as Chairwoman of the Nominating and Governance Committee and is a member of the Compensation and Personnel Development Committee.
On November 20, 2018, the Board of Directors elected Ms. Donovan as an additional member of the Board effective January 1, 2019; at the time of election she was not appointed to any committees of the Board.