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Key takeaways
- Cboe’s CEO has resigned over undisclosed personal relationships with colleagues
- Former TD Ameritrade CEO and Cboe board member, Fredric Tomczyk, will take over the role
- Cboe’s share price climbed to an all-time high at the news
Another one bites the dust. Ed Tilly, the CEO of Cboe Global Markets, has unexpectedly left the top job due to undisclosed relationships with colleagues. The announcement comes just days after BP’s CEO left for similar reasons, in a sign clients expect higher ethical standards of their advisors.
Tilly’s sudden departure is a blow to the company, which has seen tremendous growth under his leadership. But Wall Street didn’t seem to mind the change of pace for once, with Cboe’s stock closing at an all-time high on Tuesday.
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