Philip D. DeFeo, chairman and CEO of the California-based Pacific Exchange (PCX) was recently elected to a six-year term on the Berea College Board of Trustees.

DeFeo has been chairman and CEO since 1999 of the Pacific Exchange, an options and equities exchange. He also is on the boards of Archipelago, Inc. and Computershare, Inc. Most recently, DeFeo was President and CEO of Van Eck Associates Corp., a diversified global mutual fund and brokerage company. Prior to that, he was Executive Vice President and Director of Marketing and Customer Service at Cedel International, the second largest provider of Eurobond clearance and custody services. DeFeo also has served as Senior Vice President and a member of the Operating Committee at FMR Corporation (parent company of Fidelity Investments), Managing Director for Worldwide Equities Operations and Systems at Lehman Brothers, and Senior Vice President in the International Securities Division at Bankers Trust Company in London. DeFeo’s professional career began with Proctor and Gamble, where he managed operations.

Born in Mt. Vernon, N.Y., DeFeo graduated from Iona College with a B.A. degree in economics and international finance. He and his wife, Ann H. DeFeo, live in New Canaan, Conn. and have two daughters.

Berea, the South’s first interracial and coeducational college, focuses on learning, labor, and service. Berea charges no tuition, admitting only academically promising students, primarily from Appalachia, who have limited economic resources. All students must work 10 hours weekly, earning money for books, room and board. In national rankings, Berea is consistently named the South's top comprehensive college. Graduates from Berea go on to distinguish themselves and the College in many fields, living out the College's motto "God has made of one blood all peoples of the earth."