----- Forwarded by Tana Jones/HOU/ECT on 03/21/2001 09:24 AM -----

	exchangeinfo@nymex.com
	03/20/2001 05:50 PM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (01-98) NYMEX Holdings, Inc. Chairman of the Board & Board of 
Directors Results


Notice No. 01-98
March 20, 2001


TO:
All Exchange Members

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
NYMEX Holdings, Inc. Chairman of the Board & Board of Directors Results


The shareholders of the NYMEX Holdings, Inc., and the New York Mercantile 
Exchange, Inc., today elected Vincent Viola by a margin of 476 to 115 as 
chairman of the board and the following individuals to other positions on the 
Exchange board of directors: Gordon Rutledge, Madeline Boyd, Gary Rizzi, J. 
Robert Collins, Kenneth Garland, Robert Steele, and Harley Lippman.

A resolution was also passed, by a vote of 469 for and 84 against, to add 
three equity holder representative positions to the board. An election for 
these positions will be scheduled shortly.

Mr. Viola, vice chairman of the Exchange from 1993 to 1996, is the founder 
and sole owner of Pioneer Futures, Inc., which is currently a clearing member 
of both divisions of the New York Mercantile Exchange, and the New York Board 
of Trade. Mr. Viola also served on the Exchange board in the at-large 
category from 1987 to 1990 He is a graduate of the United States Military 
Academy at West Point and achieved the rank of major in the United States 
Army Reserves. In 1983, he graduated from New York Law School with a juris 
doctor degree.

In 1988, Mr. Viola formed the First Bank Group which operates community banks 
in Dallas and the surrounding Texas area. In 1998, he formed MV Technologies, 
a developer of fully integrated electronic platforms for trading futures, 
options, equities, and derivatives.

Mr. Viola co-founded and was chairman of the National Children,s Educational 
Reform Foundation, which is dedicated to the fundamental reform and 
improvement of inner-city education with an emphasis on bi-lingual programs 
in immigrant communities. Mr. Viola has served on the West Point Fund 
committee, an arm of the board of trustees which supports academy cadet 
programs. In 1997, Mr. Viola received a man-of-the-year award from the Eden 
School for Autistic Children. In 1998, Mr. Viola was awarded the Ellis Island 
Medal of Honor by the National Ethnic Coalition of Organizations. In 2000, he 
was honored with the community service award from the Futures and Options for 
Kids charitable organization.

Mr. Rutledge was elected as the board representative in the floor broker 
category. Mr. Rutledge, who is co-founder and owner of Onyx Brokerage Inc., 
has been a floor broker on the Exchange since 1981, after working for Merrill 
Lynch as a newswire editor and technical analyst. Prior to starting Onyx, he 
also worked for MercOil and J. Tafaro Brokerage. He serves on the membership, 
technology, arbitration, adjudication, floor broker advisory, and political 
action committees. Mr. Rutledge has a bachelor of arts cum laude from Harvard 
University.

Ms. Boyd was elected as the local representative to the board. Ms. Boyd has 
been the at-large representative to the board for the past three years and a 
member of the executive committee for the past year. She has traded gasoline 
for her own account for more than 16 years. She is has been chairman of the 
NYMEX Charitable Foundation since 1992 and is also co-chairman of the local 
advisory committee and the petroleum products advisory committee, and a 
member of the coal advisory committee. She also serves as a director of the 
Commodity Floor Brokers and Traders Association and Futures and Options for 
Kids and holds a bachelor of science in business from Fairleigh Dickinson 
University.

Mr. Rizzi was reelected for the third time as a futures commission merchant 
(FCM) representative to the board. In addition to serving on the board for 
the past six years, Mr. Rizzi has served two terms on the executive 
committee, including the past year. He has been a member of the floor 
community for 22 years. After working for Dean Witter for a year as a clerk, 
Mr. Rizzi joined A.G. Edwards and became floor manager in 1982. He has been 
an officer of the company and a conferring member of the Exchange for 17 
years. He is also a member of the COMEX Division and both divisions of the 
New York Board of Trade. He is the chairman of the membership, FCM advisory, 
and technology committees and vice chairman of the facilities committee.

J. Robert (Bo) Collins, Jr., ran unopposed to fill the trade slot. Mr. 
Collins is senior vice president of natural gas trading at El Paso Merchant 
Energy, a division of El Paso Energy Corporation, the largest pipeline 
operator and the third largest producer of natural gas in North America. Mr. 
Collins directs the natural gas derivatives portfolio. Before joining El Paso 
in 1997, Mr. Collins was a natural gas and crude oil options market-maker 
with Pioneer Futures on the Exchange trading floor. A graduate of Texas A&M 
University, his first professional experience was in commercial banking with 
the Dallas Federal Reserve Bank.

Mr. Collins has been a member of the Exchange since 1995 and has served on 
the options advisory committee since 1996.

Mr. Garland was elected to his first term as the at-large representative to 
the board. After receiving a masters degree in audiology from Long Island 
University, Mr. Garland worked as a private and industrial audiologist for 
eight years. He began trading at the New York Mercantile Exchange for his own 
account in 1981. In 1982 and 1983, he also acted as a floor broker. Since 
purchasing his seat in 1983, he has exclusively traded for his own account, 
concentrating most of his time in the gasoline ring. He is vice chairman of 
the Exchange floor and settlement committees; panel chairman on the 
arbitration and adjudication committees; and also serves on the following 
committees: membership; local advisory; and petroleum product advisory. Mr 
Garland was also recommended by the Exchange in 1994 to represent it on the 
National Futures Association membership appeals subcommittee, a position he 
continues to hold to this day.

Mr. Steele and Mr. Lippman were elected to three-year terms as public 
directors of the Exchange. Prior to the Exchange,s demutualization in 
November 2000, the public directors were appointed by the board and served 
two year terms.

Mr. Steele served as a public director of the Exchange from 1988 to 1994, and 
was re-appointed to the board in 1999. He is vice chairman of John Ryan 
Company, an international financial services marketing firm, and is director 
of the Merlin Retail Financial Center in Stamford, Conn. He previously served 
as president and chief executive officer of the Norwich (CT) Savings Society 
from 1975 to 1981, and as president and chief executive officer of Dollar Dry 
Dock Bank of New York from 1985 to 1990.

Mr. Steele was a U.S. congressman (Second District, Conn) from 1970 to 1974, 
and was the Republican candidate for governor of Connecticut in 1974. While 
in Congress , he served on the House Foreign Affairs Committee, was the 
ranking minority member of the Latin American subcommittee, and chaired or 
co-chaired Congressional task forces on international drug trafficking and 
problems of the aging. Following Congress, he was appointed chairman of the 
Social Security committee of the White House conference on aging. In addition 
to the Exchange, Mr. Steele serves on the board of directors of SmartServ 
Online (web and wireless transaction platform services provider), Scan 
Optics, Inc. (document processing systems and information management 
solutions), and NLC Insurance Companies. He is also chairman of the board of 
Moore Medical Corp. He served as a Soviet affairs specialist in the Central 
Intelligence Agency from 1963 to 1968. He was a visiting lecturer in 
government at the United!
 S!
tates Coast Guard Academy and is the recipient of an honorary doctor of laws 
degree from Sacred Heart University in Connecticut.

Mr. Lippman is a major contributor to Feed The Children, sponsoring their 
Christmas event in Harlem in December 2000. He also serves on the advisory 
board of the Columbia University School of International and Public Affairs. 
He is a member of the Information Technology Association of America and a 
former trustee of The Washington Institute. He is also active politically as 
a fund-raiser for both the Republican and Democratic parties, including 
hosting fund-raising events at his home.

Last week, Michael Devaney was elected to replace John Moore as chairman of 
the COMEX governors committee, a two-year term in which he will head the 
committee which advises the board on matters uniquely pertinent to COMEX 
Division members. In that capacity he will attend all Exchange board meetings 
to represent the views of the COMEX Division members.

Mr. Devaney has served as vice chairman of the COMEX governors committee for 
the past two-and-a-half years; has served on the governors committee since 
1994; and has been a member of the Exchange since 1985. He is the owner of 
Great Lakes, Inc., an independent floor brokerage operation, and has served 
on the Exchange membership, floor, facilities, business conduct, compliance 
review, marketing, margin, political action, and rules committees.

Editor,s note: There will be a press luncheon to meet Mr. Viola at 1:30 PM, 
Wednesday, March 21, on the 10th floor of the New York Mercantile Exchange 
headquarters, One North End Avenue.




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