Craig S. Donohue

Craig S. Donohue is the chairman of OCC, the world's largest equity derivatives clearing organization. He joined OCC as executive chairman in 2014 and was unanimously re-elected to that position at the OCC's annual stockholder meeting on April 28, 2023. He transitioned to the chairman role in January of 2024. 
In 2013, Donohue was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community.
== Background ==
As executive chairman of OCC, Donohue facilitates board leadership and management oversight on behalf of the board of directors, while focusing on strategic issues and OCC's industry leadership role, including OCC's engagement with policymakers in Washington, D.C. He has oversight responsibilities for OCC's government relations, communications and internal audit functions. He also plays a leadership role in promoting the importance of the listed options market to the U.S. and global economy through the Options Industry Council.
Donohue joined OCC as executive chairman in January 2014 to lead transformational change across the organization after OCC's designation as a Systemically Important Financial Market Utility (SIFMU) by the Financial Stability Oversight Council. In 2016, OCC's board of directors asked him to take on the additional role of CEO for three years. As CEO, Donohue put together a three-part strategy for the organization to enhance OCC's resiliency to systemic risk; strengthen OCC's capital structure to ensure loss absorption and recovery capabilities, and reinvigorate OCC's leadership team to create a more engaged organization. 
Donohue transitioned to the executive chairman role in December 2018, with John Davidson taking the post of CEO from his prior position as president and COO. Before joining OCC, Donohue spent more than two decades in global financial markets, most recently as chief executive officer of CME Group from January 2004 until May 2012. During that time, Donohue led the successful completion of more than $20 billion in mergers and acquisitions, including CME's historic merger with the Chicago Board of Trade (CBOT) in 2007 and the acquisition of both the New York Mercantile Exchange (Nymex) and the Commodity Exchange Inc. (COMEX) in 2008. 
Prior to the acquisition of CBOT, Donohue served as chief executive officer and as a board member of CME Holdings and CME since Jan. 1, 2004, when he replaced James J. McNulty.The CME signed Donohue to a three-year contract extension in April 2006. In fiscal 2007, as CEO of the CME Group Inc., Donohue received compensation valued at $3.6 million, a 24-percent decrease from the previous year.
Donohue also was a trustee of the CME Trust, now a charitable organization, but once a safety net that provided financial protection to customers in the event a CME member firm became insolvent or unable to meet its obligations to its customers.
Donohue's previous CME positions include: 
*Executive vice president and chief administrative officer, Office of the CEO;
*Managing director and chief administrative officer, CME Holdings (title was changed from managing director, Business Development and Corporate/Legal Affairs);
*Senior vice president and general counsel; 
*Vice president of the Division of Market Regulation; and 
*Vice president and associate general counsel.
Donohue grew up in Des Plaines, Illinois, the youngest of three children, and he managed his stepfather's pharmacy as a teenager. He was the first in his family to attend college, law school and graduate business school. 
In 2017, Markets Media recognized Donohue as one of the 10 Most Influential Individuals in Exchanges and Market Structure. Additionally, in 2011 and 2016 he was named to Institutional Investor magazine’s Tech 50 list of top financial technologists. 
In 2010, Donohue was selected as one of the world's 50 best-performing CEOs by the Harvard Business Review. He is also the subject of a Harvard Business School case study published in 2011 for his excellence in strategy formulation and execution. In 2009, Donohue was named to Institutional Investor magazine's Power 50 list of the World's Most Influential People in Finance and was also recognized as The International Executive of the Year by the Executives' Club of Chicago. 
Donohue is an active leader in national and local civic and philanthropic efforts. He is a past board member and chairman of the Council for Economic Education. He is also a past board member and chairman of the Executives' Club of Chicago and previously served as a director of the Chicago Council on Global Affairs.
== Education ==
Donohue holds a Masters of Management degree from Northwestern University’s Kellogg Graduate School of Management, a Masters of Law degree in Financial Services Regulation from IIT Chicago-Kent College of Law, a Juris Doctor degree from The John Marshall Law School, and a Bachelor of Arts degree in political science and history from Drake University.
== Video Interviews ==
*Regulatory Pressure May be Weighing on Risk-Taking in the Markets- The Street
*OCC Named Clearinghouse of the Year by Global Investor/ISF Magazine
*CME - Bloomberg TV
*Crain's Chicago Business - April 6, 2009
*CEO of CME Craig Donohue Talks Dow Acquisition, Emerging Markets and Real Estate - Wall St. Cheat Sheet
*Gillian Tett talks to Craig Donohue, CEO of CME, about the group's new platform for clearing interest rates swaps and the implications of the Dodd-Frank regulation
== SEC Filings ==
*Insider Filings
== References ==	
Category:Former Exchange CEOs
Category:Futures Hall of Fame Members
Category:CME Group
Category:Lawyers
Category:CFTC Global Markets Advisory Committee Members
Category:World Federation of Exchanges Board Member
Category:MarketsWiki Page of the Day
Category:Former Exchange CEOs
Category:MarketsWiki Education World of Opportunity Speaker
Category:OCC Board of Directors Members