Meyer (Sandy) Frucher
From MarketsWiki
| Sandy Frucher | |
| |
| Occupation | Chairman and CEO |
|---|---|
| Employer | Philadelphia Stock Exchange |
| Location | Philadelphia, U.S. |
| Web site | http://www.foa.co.uk/ |
Meyer S. (Sandy) Frucher became vice chairman of the NASDAQ OMX Group when NASDAQ completed its acquisition of the Philadelphia Stock Exchange (PHLX) in July of 2008. He was previously chairman and chief executive officer of the Philadelphia Stock Exchange, appointed to the roles at the Philly exchange in June of 1998. [1] Frucher also serves as a member of the board of directors of the Options Clearing Corporation. [2]
Background
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Frucher oversaw the demutualization of the PHLX in 2004, the first floor-based exchange in the U.S. to convert from a seat-owned, mutual cooperative institution to a for-profit, shareholding company.
Prior to the PHLX, Frucher served as a management consultant to organizations including World Financial Properties Inc. (formerly Olympia and York). He served as executive vice-president of development for Olympia and York from 1988 to 1996. He served from 1984 to 1988 as president and CEO of the Battery Park City Authority in New York City. Frucher was chief labor negotiator for the state of New York from 1978 to 1983.
He is the founding chairman and current member of the board of the Massachusetts Museum of Contemporary Art.
Education
Frucher received a Bachelor's degree in Government from Columbia University and earned a Master of Public Administration degree from the John F. Kennedy School of Government, Harvard University.
References
- ↑ Biography. PHLX. Retrieved on January 9, 2008.
- ↑ Board Member Biographies. The Options Clearing Corporation. Retrieved on May 29, 2008.
