RESOLUTION
WHEREAS, Edward T. Tilly has been named Chief Executive Officer of the Chicago Board of Options Exchange; and
WHEREAS, The Chicago City Council has been informed of his appointment by Alderman Edward M. Burke; and
WHEREAS, Edward T. Tilly replaces William J. Brodsky who has announced his decision to step down from the position; and
WHEREAS, A proud alumnus of Northwestern University, Edward T. Tilly began his career with the Chicago Board of Options Exchange as a clerk; and
WHEREAS, Trading as both a market maker and a designated primary market maker, Edward T. Tilly was a Chicago Board of Options Exchange member from 1989 to 2006 and served faithfully on several committees; and
WHEREAS, In 2011 Edward T. Tilly was named President and Chief Operating Officer of CBOE Holdings, Inc., Chicago Board Options Exchange and C2 Options Exchange; and
WHEREAS, During his twenty-five years at CBOE, Edward T. Tilly has held many important positions; and
WHEREAS, Edward T. Tilly's strong leadership and dedication to Chicago serve as an outstanding example to all; and
WHEREAS, On June 11, 2013, the Chicago Board of Options Exchange will hold a special Passing of the Torch Celebration to welcome Edward T. Tilly into his new role and honor out-going Chairman and Chief Executive Officer William J. Brodsky for his years of service; and
BE IT RESOLVED, That we, the Mayor and the members of the Chicago City Council, assembled this fifth day of June, 2013, do hereby send our best wishes to Edward T. Tilly for much continued success as yhairman an^) Chief Executive Officer of the Chicago Board of Options Exchange; and \
BE IT FURTHER RESOLVED, That a suitable copy of this resolution be presented to Edward T. Tilly.