ITG’s Board of Directors Undergoes Transformation Following Retirements

ITG (NYSE:ITG), an independent broker and financial Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term, has announced in a statement a series of changes to its board of directors, including the retirement of both Maureen O’Hara and Chris Dodds.

Both individuals had been mainstays at ITG for over a decade, with Ms. O’Hara originally joining the Board in 2003, whilst serving as Chair since 2007 – she is slated to retire from the Board on January 15, 2016. Meanwhile, Mr. Dodds joined the board back in 2008 and will be retiring from his Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term at ITG on December 31, 2015.

The move at ITG is the second in as many months, following the appointment of Francis J. Troise as its Chief Executive Officer (CEO) and President in October. The executive appointment also saw Mr. Troise become a member of ITG’s Board of Directors, pending an obligatory hiatus that is expected to expire by January 2016.

According to Ms. O’Hara in a recent statement on her retirement: “I have enjoyed my more than 12 years of service with the company, and along with my fellow directors have worked hard to bring ITG through a challenging year. I have been contemplating retirement for some time, but wanted to do so only when the company was well positioned for future success.”

“We have now reached that point, and so I formalized my decision to retire at our Board meeting last week. I will stay on to help manage the transition period before our new CEO, Frank Troise, joins ITG on January 15th. I am confident that ITG will be in good hands under his leadership," she added.

"Maureen and Chris have been pillars of strength and stability for the ‎company for many years. Recently, they have guided us through a successful CEO search, the successful planned sale of our energy research business, and the renewal of our customer growth and momentum. My Board colleagues and I would like to thank them for their many years of service and we wish them the best in their future endeavors,” noted Jarrett Lilien, interim CEO and President, in an accompanying statement.