Press

The Eurex Exchange Council appointed Thomas Lenz to the general management of the exchange, Eurex Deutschland, effective retroactively to October 16, 2000. The other members of the general management are Rudolf Ferscha, Otto E. Nägeli, Jürg Spillmann and Michael Widmer as well as Jörg Franke, who is leaving the general management as of year-end. Also effective October 16, the Board of Directors of Eurex Zurich AG appointed Lenz deputy member of the Executive Board, and the Supervisory Boards of Eurex Frankfurt AG and Eurex Clearing AG appointed him deputy member of their respective Executive Boards.

Lenz, together with Widmer as well as two representatives of the Chicago Board of Trade (CBOT), form the Management Committee of CBOT/Eurex Alliance L.L.C.: the joint venture of Eurex and CBOT has been operating the a/c/e trading platform on a joint basis since August 27, 2000. For the first time, two members of the Eurex Executive Board will be operating directly from the United States.

Lenz, an economist, has been a senior manager at Deutsche Börse Systems AG since 1997, where he has been active in various management functions: He was most recently responsible for developing and the technical implementation of the joint venture between CBOT and Eurex with the successful introduction of the a/c/e platform.