MINNEAPOLIS, MINNESOTA, U.S. — MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced the results of its annual board of directors election, held on Oct. 4.

Re-elected to the board were Martin F. Farrell, Christopher T. Matzdorf, and Kerry L. Melius. Newly elected to the board was Marc L. Gordon, who previously served on the board from 2011-2017. All were elected to serve two-year terms.

MGEX Chief of Staff and Assistant Corporate Secretary Jesse Marie B. Green reported that six candidates ran for four open board positions. A total of 297 votes on proxies were received.

“On behalf of MGEX ownership and management, I would like to thank outgoing director Michael O. Miller for his service to MGEX over the last 6 years,” said Mark G. Bagan, president and chief executive officer of MGEX. “I would also like to welcome Marc L. Gordon back to the board, and I look forward to continue working with the three re-elected members to further grow the Exchange.”