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Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced that its Board of Directors has appointed longtime global financial markets executive Craig S. Donohue as the company's new Chief Executive Officer and a member of the Board, effective May 7, 2025. Mr. Donohue succeeds Fredric Tomczyk who, as previously announced, will step down as CEO and remain on the Board.
Mr. Donohue is a seasoned global derivatives market executive with more than 30 years of experience, including two decades at CME Group where he spent eight years as CEO before departing in 2012. Over the last decade, Mr. Donohue has served as Chairman of the Board at OCC, the world's largest equity derivatives clearing organization, where he also spent three years as CEO from 2016 until 2019.
"We are thrilled to welcome Craig to Cboe. His visionary leadership, deep experience, industry relationships, and proven track record in global financial markets make him an excellent individual to take the helm as CEO at Cboe," said William M. Farrow III, Chairman of the Board of Cboe Global Markets. "The Board looks forward to working closely with Craig. We believe his strategic vision and leadership will drive the company towards continued growth and increased value for shareholders."
On his appointment, Mr. Donohue commented, "Cboe is an institution I have long admired, and I am honored to be their next CEO. I am excited to work with the strong team to drive forward our strategic initiatives, enhance our market leadership and build upon the remarkable reputation that Cboe has established over the last five decades as a leading global derivatives market player. Cboe's commitment to innovation, excellence and teamwork aligns with my values and vision and I am thrilled to guide Cboe into its next chapter."
"Craig is a highly accomplished and respected leader in the global derivatives industry, and will no doubt lead Cboe to new heights. He shares Cboe's values and passion for creating a strong corporate culture, delivering best-in-class service to clients and a relentless focus on strategy and execution," said Fredric Tomczyk, Chief Executive Officer at Cboe Global Markets. "I look forward to working closely with him on a seamless transition and going back to my role as a director of the Board."
Mr. Farrow added, "I want to thank Fred for stepping into this position and his leadership as CEO over the last year and a half. I know that he will work closely with Craig to help ensure a smooth and orderly transition."
Upon the effective date of Mr. Donohue's appointment as CEO, Mr. Tomczyk will transition into an advisory role through the end of June 2025.
