ITG (NYSE:ITG), an independent broker and financial technology provider, has announced in a statement a series of changes to its board of directors, including the retirement of both Maureen O’Hara and Chris Dodds.
Both individuals had been mainstays at ITG for over a decade, with Ms. O’Hara originally joining the Board in 2003, whilst serving as Chair since 2007 – she is slated to retire from the Board on January 15, 2016. Meanwhile, Mr. Dodds joined the board back in 2008 and will be retiring from his obligations at ITG on December 31, 2015.
The move at ITG is the second in as many months, following the appointment of Francis J. Troise as its Chief Executive Officer (CEO) and President in October. The executive appointment also saw Mr. Troise become a member of ITG’s Board of Directors, pending an obligatory hiatus that is expected to expire by January 2016.
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According to Ms. O’Hara in a recent statement on her retirement: “I have enjoyed my more than 12 years of service with the company, and along with my fellow directors have worked hard to bring ITG through a challenging year. I have been contemplating retirement for some time, but wanted to do so only when the company was well positioned for future success.”
“We have now reached that point, and so I formalized my decision to retire at our Board meeting last week. I will stay on to help manage the transition period before our new CEO, Frank Troise, joins ITG on January 15th. I am confident that ITG will be in good hands under his leadership,” she added.
“Maureen and Chris have been pillars of strength and stability for the company for many years. Recently, they have guided us through a successful CEO search, the successful planned sale of our energy research business, and the renewal of our customer growth and momentum. My Board colleagues and I would like to thank them for their many years of service and we wish them the best in their future endeavors,” noted Jarrett Lilien, interim CEO and President, in an accompanying statement.