Posted 9/19/2023, 9:00:00 PM

Cboe CEO Edward Tilly Resigns Over Policy Violation from Undisclosed Relationships

Edward Tilly resigned as CEO of Cboe after an investigation found he violated company policy by not disclosing personal relationships with colleagues.
Tilly had been CEO since 2013 and chairman since 2016. He will receive prorated pay but forfeit unvested equity incentives.
Fredric Tomczyk, former CEO of TD Ameritrade, was named as Tilly's replacement as CEO and board member.
Tilly is the latest high profile CEO to resign over inappropriate relationships, following the CEOs of McDonald's and CNN.
Cboe said Tilly's resignation shows its commitment to upholding high ethical standards across the organization.

chicagotribune.com

Relevant topic timeline:

9/19/2023

Cboe Global Markets Names New CEO and Chairman After Investigation Into Outgoing CEO

Fredric J. Tomczyk has been appointed as the new CEO of Cboe Global Markets following the resignation of former CEO Edward T. Tilly, who violated company policies by not disclosing personal relationships with colleagues; William M. Farrow, III has been named non-executive Chairman of the Board of Directors, effective immediately.