The shareholders of the NYMEX Holdings Inc., and the New YorkMercantile Exchange elected by a margin of 476 to 115 PioneerFutures owner Vincent Viola as the new chairman of the board.Gordon Rutledge, Madeline Boyd, Gary Rizzi, J. Robert Collins,Kenneth Garland, Robert Steele and Harley Lippman also were electedto the board. In addition, a resolution was passed to add threeequity holder representative positions to the board. An electionfor these positions will be scheduled shortly. Viola was vicechairman of the exchange from 1993 to 1996. Pioneer is currently aclearing member of both divisions of Nymex and the New York Boardof Trade. Viola also served on the exchange board in the at-largecategory from 1987 to 1990. He is a graduate of the U.S. MilitaryAcademy at West Point and the New York Law School. In 1988, heformed the First Bank Group, which operates community banks inDallas and the surrounding area. In 1998, he formed MVTechnologies, a developer of fully integrated electronic platformsfor trading futures, options, equities, and derivatives.

The board of TransCanada PipeLines announced that Harold (Hal)Kvisle has been appointed president and CEO effective May 1. Hisappointment follows an extensive seven- month international search.Kvisle currently holds the position of executive vice-presidentresponsible for TransCanada’s trading and business developmentarea. He has been a member of TransCanada’s executive leadershipteam for the past two years, during which time he played a criticalrole in developing and implementing TransCanada’s successfulturnaround strategy, including leading its highly successfuldivestiture program and power business. Doug Baldwin, board memberand current president and CEO accepted the position in 1999 withthe announced intention to serve in that capacity until a new CEOwas chosen. Baldwin will remain as a member of the board and willprovide transition support and guidance to Kvisle.

©Copyright 2001 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.