The Dubai Mercantile Exchange announced today that its Chief Marketing Officer Jerald David will be leaving the DME in August 2008 as part of his plans to return to the United States.
Mr. David was a member of the team which established the initial framework of the Dubai Mercantile Exchange. He played a key role in the coordination with NYMEX, one of the DME's founding shareholders, where he had worked for 9 years previously as Vice President of Marketing and DME Relations. As a NYMEX secondee and then as Chief Marketing Officer, he helped to determine the strategic direction for the DME, building an international customer base and promoting awareness and understanding of the new exchange throughout the global energy industry.
Gary King, CEO of the Dubai Mercantile Exchange, commented: "We wish Jerry all the best in his future endeavours. As part of the initial start-up team, he has stayed with the DME for far longer than his initial contractual obligations, transferring to become an employee of the DME from his NYMEX roots. Jerry has made a significant contribution to the success of the DME and we have been proud to work with someone of his calibre and expertise. We wish him all the best for his return to New York."