Charles Boucher Named SEC Chief Information Officer

FOR IMMEDIATE RELEASE
2008-289

Washington, D.C., Dec. 9, 2008 — Securities and Exchange Commission Chairman Christopher Cox today announced that Charles Boucher has been named Chief Information Officer (CIO) and Director of the Office of Information Technology, a role in which he will direct the Commission's information technology program and systems.

The CIO manages all of the Commission's IT programs, including application development, infrastructure operations, user support, security, and enterprise architecture. The Office of Information Technology also works with the agency's divisions and offices to incorporate technology into all of the Commission's programs to serve investors, maintain orderly markets, and promote capital formation. OIT operates the EDGAR system and its successor, IDEA, which will provide investors with interactive access to millions of public company financial statements and other filings. The office also maintains the Commission's Web site and the information about the Commission and securities industry on that site.

"In the information age, it is critical that SEC employees have access to the technology and tools they need to serve and protect investors," said Chairman Cox. "Equally important, to fulfill its mission, the SEC must provide investors with seamless and timely electronic access to publicly available filings and other financial information. The office of the CIO is the technology linchpin for the SEC, serving as a critical conduit for the information needs of employees, investors, and other market participants. Charles has a broad and deep range of experience in all of these important areas, and I am confident that he will further advance the Commission's information technology efforts."

Mr. Boucher said, "Building on the work of the past several years, the SEC has some extraordinary opportunities to advance the use of information technology, and I am honored and excited to be named to a position in which I can help employees and investors take advantage of those opportunities. My goal is to make the SEC a model, not just for government agencies, but for the use of information technology and services across the financial sector."

Most recently, Mr. Boucher was an Executive Director at Morgan Stanley, where he directed all technology audits for infrastructure, including information security and disaster recovery. Prior to that role, he served as Senior Vice President and Chief Information Officer at Standard & Poor's, where he managed all aspects of the company's technology systems and programs. Earlier, Mr. Boucher was a Principal for Morgan Stanley, Vice President for Salomon Brothers, and Consultant Manager for Chase Manhattan. He received his B.A. in management from Rutgers University and an MBA in finance from Columbia University.

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