New York (April 5, 2004) -- The board of directors of the New York Stock Exchange approved the appointment of John S. Reed, currently interim chairman, as chairman through 2005 -- a move which drew the ire of the head of the board of one of the nation's largest public pension funds.
Reed, who has served as interim chair since the September ouster of Richard A. Grasso, has agreed to serve until the 2005 annual meeting. The board also approved the nomination of the current directors to be placed on the proxy for election at the exchange’s annual meeting on June 3.
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