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Richard L. Sandor
Richard L. Sandor is chairman, CEO and founder of the Chicago Climate Exchange, the world’s first and North America’s only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system. He is executive chairman of Climate Exchange plc, an AIM-listed company, which owns the Chicago Climate Exchange (CCX) and the European Climate Exchange (ECX). Dr. Sandor is also a research professor at the Kellogg Graduate School of Management at Northwestern University and a Member of the International Advisory Board of Guanghua School of Management at Peking University.
While on sabbatical from the University of California, Berkeley in the early 1970s Dr. Sandor served as Vice President and chief economist of the Chicago Board of Trade. It was at that time that he earned the reputation as the principal architect of the interest-rate futures market. Dr. Sandor was honored by the City of Chicago and the Chicago Board of Trade for his contribution to the creation of financial futures and his universal recognition as the "father of financial futures". In October 2007, he was honored as one of TIME Magazine’s “Heroes of the Environment” for his work as the “Father of Carbon of Trading.”
In August 2002 Dr. Sandor was first chosen by Time magazine as one of its "Heroes for the Planet" for his work as the founder of the Chicago Climate Exchange. In November 2004, Dr. Sandor was the recipient of an honorary degree of Doctor of Science, honoris causa, by the Swiss Federal Institute of Technology (ETH) of Zurich, Switzerland for his pioneer work in the design and implementation of innovative and flexible market-based mechanisms to address environmental concerns. In May 2005, Dr. Sandor was named by “Treasury and Risk Management” magazine as one of the “100 Most Influential People in Finance” and the recipient of the 2008 Financial Management Association’s Outstanding Financial Executive Award.