The shareholders of the NYMEX Holdings Inc., and the New York Mercantile Exchange elected by a margin of 476 to 115 Pioneer Futures 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 elected to the board. In addition, a resolution was passed to add three equity holder representative positions to the board. An election for these positions will be scheduled shortly. Viola was vice chairman of the exchange from 1993 to 1996. Pioneer is currently a clearing member of both divisions of Nymex and the New York Board of Trade. Viola also served on the exchange board in the at-large category from 1987 to 1990. He is a graduate of the U.S. Military Academy at West Point and the New York Law School. In 1988, he formed the First Bank Group, which operates community banks in Dallas and the surrounding area. In 1998, he formed MV Technologies, a developer of fully integrated electronic platforms for trading futures, options, equities, and derivatives.
Vincent
Articles from Vincent
NYMEX Chairman Offers CA Solution
In an open letter to the governor of California, Vincent Viola,the new chairman of the New York Mercantile Exchange suggested thestate could solve its power price problems if it “promptly” turnedloose large customers and let them buy power for themselves,eliminated any monopoly, “be it the PX, Department of WaterResources, or the Independent System Operator,” and started usingfinancial instruments to protect consumers, rather than lock inlong-term, high-priced contracts.
People
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.
