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The Options Industry Council Announces Susan Milligan as Executive Director

Chicago—January 4, 2007

The Options Industry Council (OIC) announced today that Susan Milligan has been named Executive Director.

Milligan, Senior Vice President and Special Counsel, Government Relations, at The Options Clearing Corporation (OCC), succeeds Michael Walinskas in the role as Walinskas has been promoted to new duties as Senior Vice President, Risk Management and Membership, at the OCC.

Since joining the OCC in 2001, Milligan has worked closely with the OIC to bring options education to legislators, regulators and their staffs in Washington. She has also played a key role in recent collaborative efforts between the OIC and the Futures Industry Association.

“We look forward to Susan’s ideas and leadership, particularly as OIC expands its institutional and international options education efforts this year,” said George Hender, OIC President and OCC Management Vice Chairman.

Prior to joining OCC in May 2001, Milligan was Counsel, Government Relations, at the New York Stock Exchange from 1995 to 2001. She was legal assistant to Commodity Futures Trading Commission (CFTC) Commissioner Sheila Bair from June 1991 to June 1995, and was her Executive Assistant during the time that Commissioner Bair was Acting Chairman of the CFTC. While at the CFTC, she also acted as legal assistant to Chairman Wendy Gramm from October 1990 to March 1991 and was an attorney in the Office of General Counsel from April 1987 to May 1991.

About OIC

OIC is a non-profit association funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at and, live seminars throughout the continental United States and Canada , instructional videos and educational literature and software.

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