Nybot CEO dies

Falk became interim president and CEO on April 11, 2002, and was confirmed in place on July 11, 2003. During his time in office, he oversaw the exchange's return to Manhattan from its temporary home in the borough of Queens. The exchange had moved to the backup site, after the September 11 attacks damaged its home at 4 World Trade Center beyond repair. It is now located in the adjacent World Financial Center.

Falk joined the Coffee, Sugar and Cocoa Exchange, one of Nybot's parent companies, in 1970, and was elected vice-chairman in 1990 and chairman in 1991-1995. The exchange merged with the New York Cotton Exchange in 1998-2004 to form Nybot.

In September last year, the Intercontinental Exchange announced it would pay $1 billion to take over Nybot, which voted to demutualise in May.

No successor to Falk has yet been named.

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