CBOE CEO Tilly Resigns Over Undisclosed Personal Relationships
The Chicago Board Options Exchange (CBOE) announced on Wednesday that its Chief Executive Officer, Ed Tilly, had resigned due to undisclosed personal relationships. The news came as a surprise to many, as Tilly had been with the company since 2004 and had been CEO since 2013.
Background of Ed Tilly
Ed Tilly had been with the CBOE since 2004, when he was appointed as the Executive Vice President of Business Development. He was promoted to President and Chief Operating Officer in 2007, and then to Chief Executive Officer in 2013. During his tenure, Tilly was credited with helping to expand the company’s presence in the options trading industry.
CBOE’s Statement
In a statement released on Wednesday, the CBOE said that Tilly had resigned due to undisclosed personal relationships. The statement did not provide any further details, but it did say that the company had appointed a new CEO, Chris Concannon, who had been with the company since 2017.
Reaction to Tilly’s Resignation
The news of Tilly’s resignation was met with surprise and disappointment from many in the industry. Tilly had been a popular figure at the CBOE, and his departure was seen as a major loss for the company.
Chris Concannon’s Appointment as CEO
Chris Concannon was appointed as the new CEO of the CBOE on Wednesday. Concannon had been with the company since 2017, when he was appointed as the President and Chief Operating Officer. Prior to joining the CBOE, Concannon had held various positions at the Chicago Mercantile Exchange, the Nasdaq, and the New York Stock Exchange.
Concannon’s Vision for the CBOE
In a statement released on Wednesday, Concannon said that he was looking forward to leading the CBOE into the future. He said that he was committed to continuing the company’s growth and success, and that he was excited to work with the CBOE’s employees, customers, and partners.
Conclusion
The news of Ed Tilly’s resignation from the CBOE came as a surprise to many in the industry. Tilly had been with the company since 2004 and had been CEO since 2013. The company has appointed Chris Concannon as the new CEO, and he has expressed his commitment to continuing the company’s growth and success.