NEW YORK — Donna Redel became the first woman to head a U.S. futures exchange when she beat an independent floor trader Tuesday in a runoff election at Commodity Exchange Inc. (Comex).
Redel, executive vice president of Redel Trading Co., defeated Sidney Rothberg. She will succeed Martin B. Greenberg and will serve a two-year term.
In the first round of voting March 3, Redel and Rothberg were the two highest vote-getters among four candidates. Because no one candidate won more than 50% of that vote, a runoff had to be held.
Redel, a member of Comex since 1980, became the first woman to serve on the board of governors in 1989. She has also been an investment banker and a reporter for the Wall Street Journal.