Cboe Global Markets' Chairman & CEO Edward Tilly Resigns Over Personal Relationships With Colleagues
Portfolio Pulse from Akanksha Bakshi
Edward T. Tilly, the CEO of Cboe Global Markets, Inc. (BATS:CBOE), has resigned due to policy violations related to undisclosed personal relationships with colleagues. Fredric J. Tomczyk, a member of Cboe's Board of Directors and former CEO of TD Ameritrade, has been appointed as the new CEO. The company's shares are trading higher by 2.57% at $155.60.
September 19, 2023 | 2:14 pm
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Cboe Global Markets' CEO Edward T. Tilly has resigned and is replaced by Fredric J. Tomczyk. The company's shares are trading higher following the news.
The resignation of a CEO can often lead to uncertainty and volatility in a company's stock. However, in this case, the appointment of a new CEO who has a strong track record (former CEO of TD Ameritrade) seems to have been positively received by the market, as evidenced by the increase in CBOE's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100