OCC selects Luparello as new Chairman
02 May 2025 US
Image: OCC
The Options Clearing Corporation (OCC) has appointed Stephen Luparello as the new chairman, succeeding Craig Donohue.
Luparello is a public director on the OCC鈥檚 board of directors, most recently serving as the chair of the Compensation and Performance Committee and the Regulatory Committee.
He will serve as chair for the remainder of Donohue鈥檚 term, which runs through April 2026.
Luparello鈥檚 career in financial markets includes roles such as managing director and general counsel for Citadel 网爆吃瓜, as well as director of the US 网爆吃瓜 and Exchange Commission鈥檚 (SEC鈥檚) Division of Trading & Markets.
In addition, he spent 16 years at the Financial Industry Regulatory Authority (FINRA), where he served in a number of senior regulatory positions, including vice chairman.
On his appointment, Luparello comments: 鈥淚t continues to be rewarding to serve alongside my fellow directors in this time of transformational change for the OCC and across our industry.
鈥淚 look forward to continuing our work with the OCC鈥檚 management team to elevate the OCC鈥檚 resiliency and efficiency for the benefit of market participants and the investing public.鈥�
He also thanks Donohue for his contribution to the board over the past decade as the CEO and chairman.
鈥淐raig initiated critically important efforts to enhance the OCC鈥檚 financial, operational, and technological foundations,鈥� Luparello adds. 鈥淗e skillfully led the board in thoughtful oversight during his many years of leadership. The board and I congratulate him and wish him all the best.鈥�
Luparello is a public director on the OCC鈥檚 board of directors, most recently serving as the chair of the Compensation and Performance Committee and the Regulatory Committee.
He will serve as chair for the remainder of Donohue鈥檚 term, which runs through April 2026.
Luparello鈥檚 career in financial markets includes roles such as managing director and general counsel for Citadel 网爆吃瓜, as well as director of the US 网爆吃瓜 and Exchange Commission鈥檚 (SEC鈥檚) Division of Trading & Markets.
In addition, he spent 16 years at the Financial Industry Regulatory Authority (FINRA), where he served in a number of senior regulatory positions, including vice chairman.
On his appointment, Luparello comments: 鈥淚t continues to be rewarding to serve alongside my fellow directors in this time of transformational change for the OCC and across our industry.
鈥淚 look forward to continuing our work with the OCC鈥檚 management team to elevate the OCC鈥檚 resiliency and efficiency for the benefit of market participants and the investing public.鈥�
He also thanks Donohue for his contribution to the board over the past decade as the CEO and chairman.
鈥淐raig initiated critically important efforts to enhance the OCC鈥檚 financial, operational, and technological foundations,鈥� Luparello adds. 鈥淗e skillfully led the board in thoughtful oversight during his many years of leadership. The board and I congratulate him and wish him all the best.鈥�
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