Herb Allison, chairman, president and CEO of TIAA-CREF, and Dennis Weatherstone, former chairman of J.P. Morgan & Co., resigned from the New York Stock Exchange board of directors effective immediately, confirmed NYSE spokesman Eric Ryan. At the exchange's annual meeting in April, the two said they did not want to be re-elected but agreed to remain on the board until the merger with Archipelago Holdings was in place. With their departure, the board has eight members, including Chairman Marshall Carter, former head of State Street Corp. Under a new constitution approved by members in late 2003, the NYSE board is to have between six and 12 members as well as a chairman.
NYSE directors resign from board
Sponsored Content
Partner Content