NYSE to Name New Chairman
From Reuters
NEW YORK —
The New York Stock Exchange board is preparing for an extraordinary meeting today at which the approval of William H. Donaldson as the new Big Board chairman is expected to be a top agenda item, sources familiar with the plans said.
Several sources said the board has been expected to meet this month to approve the selection of Donaldson, one of three founders of the brokerage firm Donaldson, Lufkin & Jenrette Securities, to succeed retiring John J. Phelan Jr. at year end.
A New York Stock Exchange spokeswoman declined comment, and Donaldson was not available for comment.
