new-dubai-mercantile-exchange-ceo-assumes-helm

New Dubai Mercantile Exchange CEO assumes helm

The year-old Dubai Mercantile Exchange has a smooth leadership change four months into its new management succession plan.
Dubai Mercantile Exchange DME chief operating officer Thomas Leaver has become CEO of the energy futures trading exchange after a four-month phased transition. Leaver succeeds outgoing CEO Gary King who he worked with to launch the exchange.

LeaverÆs promotion to CEO of the DME had been previously announced as part of the exchangeÆs management succession plan in May 2008. Outgoing CEO King played a critical role in the creation of the DME and the establishment of Oman Crude Oil Futures trading. The Omani futures are the only physically delivered sour crude contracts in the Middle East, according to the DME.

Since the DMEÆs launch, the Oman Crude Oil Futures have risen from an...
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