TSX Group Chief Executive Officer Barbara Stymiest resigned with effect from October 31, 2004 to accept a senior appointment at another financial services company. The Board of Directors of the Corporation has appointed a search committee and has engaged an executive search firm to assist with the identification of an appropriate successor to Ms. Stymiest but their work will not be completed before the end of October.
The interim arrangement announced today is designed to ensure complete consistency of service delivery and management of the Corporation until the Board can identify a new chief executive officer.
In the interim, the arrangements announced today are designed to ensure business as usual at TSX Group. Ms. Stymiest worked hard to build a seasoned and respected senior management team and the Board relies on their demonstrated experience and professional discipline. No changes in responsibilities are contemplated for members of the senior management team other than those created by today's appointments to these interim positions.
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