Nymex Holdings Inc., which controls the New York Mercantile Exchange (Nymex), reported Tuesday that preliminary election results show that current Vice Chairman Richard Schaeffer will replace Mitchell Steinhause as chairman of the board. The inspector of elections, American Stock Transfer and Trust Company (AST), has provided preliminary, uncertified results of the voting for the election of directors at the company’s 2006 annual meeting Monday. AST said a list of final certified results for the reduced 15-person board will be provided by the company later this week. In addition to Schaeffer, other uncertified results include: Robert Halper to vice chairman; Neil Citrone to the futures commission merchant category; David Greenberg and Frank Siciliano to the at-large category; Melvyn Falis, Robert Steele and Dennis Suskind to the public director category; Thomas Gordon to the local category; A. George Gero to the trade category; and Harvey Gralla and Daniel Rappaport to the equity holder category. In addition, Nymex President and CEO James E. Newsome, and General Atlantic President William Ford were elected to the board of directors. In March, Nymex shareholders “overwhelmingly approved” a transaction in which General Atlantic LLC invested $160 million for a 10% equity stake in Nymex (see Daily GPI, March 14). Nymex reported that the results of the voting for the floor broker category were too close to call between Stephen Ardizzone and John McNamara. As a result, the company will await final certified results before announcing the winner in this category.

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