Glassman Becomes Active SEC Chairman as Donaldson Steps Down

Securities and Exchange Commissioner Cynthia Glassman has been named as acting SEC Chairman by President George W. Bush, as current chairman William Donaldson steps down. The president nominated Republican California Representative Christopher Cox to replace Mr. Donaldson as SEC chairman, but the Senate has not approved that choice. Cynthia Glassman's term will only last for a year. Glassman who is also a Republican, has been an SEC Commissioner since January of 2002. "I'm honored that the president has designated me to be acting chairman and I look forward to welcoming Chris Cox as our permanent chairman pending his confirmation," Glassman said to Reuters. murdok. Visit murdok for the