Cboe’s CEO Resigns Over Undisclosed Personal Relationships
- Tilly’s departure comes after probe launched last month
- Former TD Ameritrade CEO Tomczyk to take over top job
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Cboe Global Markets Inc. said Edward Tilly has resigned following an investigation that determined the chief executive officer didn’t disclose personal relationships with colleagues, ending a decade-long run during which the company’s stock more than tripled.
The derivatives and securities exchange said it appointed Fredric Tomczyk, a current member of Cboe’s board of directors, as its new CEO, effective immediately.