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Options Clearing promotes president/COO to CEO

Equity derivatives clearing organization Options Clearing Corp. has promoted its president and COO, John Davidson, to CEO.

Davidson, who has held the positions since 2017, will succeed Craig Donohue, who will remain executive chairman. Scot Warren, who serves as executive vice president and chief administrative officer, will assume the COO role.

The changes will be effective upon receiving necessary regulatory approvals.