Richard Schaeffer, executive director of global energy futures at Dutch bank ABN Amro, has been appointed vice- chairman of the board of the New York Mercantile Exchange (Nymex).He will hold the post for just one year to fill the role of Mitchell Steinhause, the previous vice-chairman, who has been appointed chairman of the board but still has a year of his old term left to run.
Schaeffer has been treasurer of the exchange since 1993, an executive committee member since 1992 and a member of the board of directors since 1993.
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