MONTREAL, Aug. 22 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX) announced today the appointment of Mr. Stephane Bilodeau as Chief Operating Officer (COO) effective December 1, 2007. He comes to the MX from the international information technology services firm, DMR Consulting, a Fujitsu company, where he has been a senior executive responsible for general management, corporate strategy and business development.
"We are delighted to welcome Stephane as a key member of the executive team, as we pursue the development of the Canadian derivatives market and of MX," said Luc Bertrand, President and Chief Executive Officer of the Montreal Exchange. "He will lead the management of MX operations drawing on his well-rounded experience in the information technology business, team building and executive management of an international corporation."
Mr. Bilodeau will replace the current COO, Philippe Loumeau, who previously announced his departure from MX, after seven years of service.
"We are focused on ensuring a smooth leadership transition," Mr. Bertrand added. "Philippe has played a core leadership role in the rapid growth and development of the MX since 2000. He will work closely with Stephane and our executive team to ensure continuity of management and of the excellent performance of our employee team."
As announced July 25, Alain Miquelon assumed the strategic management responsibilities of Mr. Loumeau effective August 6 and will become the MX Chief Financial Officer, replacing Louise Laflamme, effective October 1, 2007. Ms. Laflamme remains with the Exchange, to support the President and CEO, until her planned retirement in June 2008.
About Montreal Exchange Inc.
The Montreal Exchange (MX) is Canada's financial derivatives exchange. The MX offers trading in Canadian interest rate, index and equity derivatives. Clearing, settlement and risk management services are provided by an AA rated clearing house, the Canadian Derivatives Clearing Corporation, fully owned by the MX. Our integrated trading and clearing services are supported by a proprietary suite of exchange technologies, known as SOLA(R). The MX also has interests in: the Boston Options Exchange (BOX), a U.S. automated equity options market, for which MX is the technical operator; the Canadian Resources Exchange (CAREX), a new corporation created with NYMEX that is dedicated to developing the Canadian energy market; and the Montreal Climate Exchange (MCeX), a joint venture with the Chicago Climate Exchange(R), aiming to establish the leading market for publicly traded environmental products in Canada. For more information about the Montreal Exchange, please visit www.m-x.ca.