SEC Chief Information Officer Corey Booth Completes SEC Service
FOR IMMEDIATE RELEASE
Washington, D.C., July 1, 2008 — The Securities and Exchange Commission today announced that Chief Information Officer R. Corey Booth completed his SEC service on June 30 and will join the Boston Consulting Group in New York as a leader of its financial services practice.
Mr. Booth, who also served as Director of the SEC's Office of Information Technology, joined the SEC in January 2004 after several years as a consultant with global consulting firm McKinsey and Company. As CIO at the SEC, Mr. Booth has been responsible for the full range of information technology-related functions at the SEC, and for ensuring that the agency's technology investments are aligned to support the agency's mission. The SEC's Office of Information Technology employs more than 600 staff and contractors.
Korn/Ferry International, an executive recruitment firm, will be assisting the SEC in identifying candidates interested in serving as the Commission's next Chief Information Officer as part of a nationwide search across both private and public-sector sources.
"During his four and a half years at the helm of the Office of Information Technology, Corey has dramatically improved the way that the SEC makes information available to investors and our markets," said SEC Chairman Christopher Cox. "He has led the implementation of our interactive data initiative for mutual fund and company disclosures, and he has improved the SEC's own financial reporting and internal operations as we work to protect investors. He will be long remembered and sorely missed."
Mr. Booth said, "I have been honored and humbled every day to work with such talented people to achieve the honorable mission of the SEC. I am immensely proud of the information technology team's accomplishments over the last few years, and I'm confident that they are on track to even greater achievements in the future."
Mr. Booth headed up a range of initiatives to improve the agency and its information technology capabilities:
Led the initial phases of the Commission's interactive data initiative, in which public company and mutual fund disclosures will be "tagged" so investors can more easily search and analyze information and make smarter investment decisions.
Implemented a program to help transform the system used by the Enforcement Division to maintain evidence from primarily paper-based formats to wholly digital formats, enabling SEC attorneys to view and search all evidence online and seamlessly integrate it with litigation management tools.
Significantly improved the agency's information security program and resolved weaknesses identified by the Government Accountability Office in an audit of the agency's financial statements and internal controls.
Implemented a number of new internal systems, including new tools for enforcement case management, disgorgements and penalties tracking, and the management of compliance inspections.
Prior to joining the SEC, Mr. Booth was an associate principal in the financial services and information technology practices of McKinsey and Company. In that role, he was responsible for advising senior executives of major financial institutions on a variety of strategic and technology management issues. Mr. Booth received his MBA from Stanford University Graduate School of Business in 1995, and his A.B. summa cum laude in economics and English literature from Washington University in St. Louis in 1991.
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