The Chicago Board Options Exchange has announced an organisational restructure, including the consolidation of two major divisions and the creation of new business sections.

In CBOE's executive section, Philip Slocum, executive vice president, was named special advisor to the chairman. Maureen Smith was named vice president for corporate project management. In finance and administration, Deborah Koopman was named vice president for investor services. David Reynolds was named vice president and chief accounting officer. In regulatory services, Karen Christiansen was named vice president for regulatory services, while Patricia Sizemore was named vice president for regulatory services. In legal, Angelo Evangelou was named associate general counsel, and in research, William Speth was named vice President. In the business development section, Edward Provost, executive vice president, was named chief business development officer. Eric Frait was named vice president of business analysis. Thomas Knorring was made the first vice president for market data sales. David Gray was named vice president for the relationship management team in New York, while Paul Stephens was appointed vice president for marketing and sales. Michael Trees was named vice president for trading systems development. Kerry Winters was named vice president for market operations.