In making the announcement, BSX Chairman David Brown stated, " The Council of the Bermuda Stock Exchange is delighted that Mr. Wojciechowski has accepted the position of President with a view to taking over as CEO of the Exchange. At the same time however we are naturally very sorry to be loosing William Woods and we wish him every success with his future endeavors.
Over the last six years these two gentlemen have worked very closely together, combining their skills to turn what was once a small domestic exchange into a leading world-class offshore securities market, one of which every Bermudian should be proud."
Mr. Brown went on to say, " Under William Woods' leadership and vision the Exchange has grown rapidly from strength to strength and I believe that the entire business community owes him a debt of gratitude for his contribution to the sustained development of our financial services industry.
Greg Wojciechowski has been with the BSX since the very beginning of the company's internationalization process and the Council firmly believes that his wealth of knowledge and experience will continue to serve the Exchange exceedingly well as it moves forward."
Greg Wojciechowski, a Bermudian, married with two sons, joined the BSX as Project Manager in 1993 and was promoted to COO in 1995. Prior to joining the Exchange Mr. Wojciechowski worked with a number of large US brokerage firms in New York.
Commenting on the promotion Mr. Wojciechowski noted, "I am delighted that the Council has acknowledged my contribution to the Exchange in this way and I look forward with great anticipation to leading the BSX forward as we continue to evolve and grow. However, I am naturally saddened by the announcement of William's departure. It has been a great privilege for me to work with him over the last six years and I believe I have benefited greatly from his international experience and knowledge and I join others in thanking him for his significant contribution to the financial services community in Bermuda."
William Woods was invited to join the Exchange as Chief Executive Officer in 1995, after initiating a feasibility study on the internationalization of the BSX. Since that time he has been responsible for overseeing every aspect of the Exchange's migration from domestic market to key international player.
" I am extremely proud of the development and growth of the BSX over the last 6 years. We now have more than 340 listings, 21 Members and a market cap of $148 billion. At the same time, the Exchange is now internationally recognized as full member of the International Federation of Stock Exchanges. Most importantly, Greg and I have recruited and helped train a superb team of Bermudian Managers who now run the day-to-day operations of the Exchange. I take great satisfaction in knowing that when I hand over the CEO position to Greg the Bermuda Stock Exchange will be run by a highly competent and experienced Bermudian management team." Stated Mr. William Woods.