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Cboe CEO Resigns Over Personal Relationships, Stock Gains 3%

Published by: dailynews
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Cboe Global Markets (CBOE.Z) CEO Edward Tilly has resigned after failing to disclose personal relationships with colleagues, the exchange operator said on Tuesday, bringing his decade of leadership of the company to an abrupt end.

Cboe said board member Fredric Tomczyk, 68 will replace him.

Tilly resigned after an investigation in late August by the board and outside independent counsel found that he did not disclose personal relationships with colleagues, the company said.

Read the full story onĀ Reuters here.