News Release

NYMEX Promotes Three to Senior Vice President

Tue Aug 07 2007


New York, NY, August 7, 2007 -- The board of directors of NYMEX Holdings, Inc. (NYSE:NMX), parent company of the New York Mercantile Exchange, Inc., announced today that it has promoted Benjamin Chesir to senior vice president of new product development; Brian Regan to senior vice president and counsel; and Christopher Rodriguez to senior vice president of corporate development and strategic planning.

Mr. Chesir joined NYMEX in June 2006 as vice president of new product development.  Prior to NYMEX he spent five years as a director and head of risk management for North America at ABN AMRO, Inc.  From 1992 to 2001, he worked for Merrill Lynch’s corporate and institutional client group in a variety of roles including futures and options sales trader, trading software developer, and group market data manager.

Mr. Chesir also worked at Credit Suisse as a software developer for the firm’s proprietary foreign exchange and derivatives businesses while earning a masters degree in finance from the Lubin School of Business at Pace University.

Mr. Regan joined the Exchange in 1996 as an associate general counsel in the Exchange's office of general counsel and was later promoted to senior associate general counsel and then to vice president and counsel in January 2003.  His duties focus upon futures legal and regulatory matters, including legislative developments. He reviews new product and services development and formulates other legal and regulatory solutions to achieve NYMEX’s strategic global objectives. He also serves as legal advisor to various NYMEX disciplinary and regulatory committees.  In addition, he appears regularly on industry panels and also recently served on the Futures Regulation Committee of the Association of the Bar of the City of New York.

Prior to joining NYMEX, Mr. Regan worked for several years as an attorney advisor at the Commodity Futures Trading Commission in Washington, D.C. He received both his bachelors and his juris doctor degrees from the University of Iowa. He is a member of the bar in New York and in Illinois.

Mr. Rodriguez joined NYMEX as vice president of corporate development and strategic planning in June 2006. He formerly served as a vice president in the global energy futures division at ABN AMRO Inc., performing marketing and sales of clearing and financial products for the energy futures division of the global futures group, profit and loss management, new business development, and banking relationship management.  He was previously employed at NYMEX from 2001 to 2003.

Mr. Rodriguez earned a bachelor of arts degree and a master of arts degree in from Rutgers University. He also has a masters of business administration from Columbia University.
###
 

Forward Looking and Cautionary Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results.  Forward-looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward-looking statements.  In particular, the forward-looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets.  We assume no obligation to update or supplement our forward-looking statements.

Contact: Anu Ahluwalia  212-299-2439 or  Keil Decker, 212-299-2209

 

Corporate Communications

+1 312 930 3434
Email