He came to the CBOT in the 1950s and was made president in 1973. He replaced Henry Hall Wilson, a former Kennedy and Johnson administration official who had become president in 1967. He is credited with hiring economist Richard Sandor at the CBOT.
Lebeck was a Chicago native, born on March 13, 1921. He served as served as a gunnery officer with the Pacific fleet in World War II.
Lebeck, a former Navy officer, joined the CBOT in 1954 as assistant to the secretary and became secretary in 1957. He was promoted to executive vice president in 1965 and ultimately to president in 1973. He served as a consultant to the CBOT from 1977 to 1979.
He became president of the CBOT at a pivotal time when the exchange was under criticism for the high price of foodstuffs. He was known for being a guardian of the CBOT's rules and for quoting them from memory.
He had also worked for Montgomery Ward before joining the CBOT.
As an advocate of this country's agricultural achievements, Lebeck served as a director of the National Grain Trade Council, the Agriculture Council of America  and the U.S. Feed Grain Council. He was a member of the Industry Advisory Committee for the University of Illinois Ag-Industry Forum and a member of the Agricultural Policy Advisory Committee for the U.S. Trade Representative. 
As a member of the NFA Organizing Committee, Lebeck played a pivotal role in the organization's establishment and continued to serve in a leadership role as a director and member of the association's executive committee.
Lebeck was a graduate of North Central College in Naperville, Illinois.
JLN News Feed
LedgerX is taking another shot at a bitcoin fear gauge; Global stocks surge as investors ignore record new COVID-19 infections
Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date June 30, 2020
CME Group Foundation Awards Over $1 Million in Grants to Further Support Education Initiatives Across Chicago
TriOptima Extends Collaboration with DTCC to Meet Client Securities Financing Transactions Reconciliation Needs
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.