Cboe Global Markets Names Craig Donohue as New CEO
Company - People | May 07, 2025 | EIN
Cboe Global Markets Inc., a key player in the securities exchange industry, has appointed Craig Donohue as its new CEO, effective May 7th. Donohue, who previously held leadership roles at Options Clearing Corp and CME Group, will succeed Fredric Tomczyk, who will continue to serve on the board. Donohue's appointment coincides with Cboe's strong earnings report for the first quarter of 2025, featuring a 13% increase in net revenue to $565 million and a 25% rise in operating income. The company aims to leverage Donohue's extensive experience in global financial markets to propel its strategic vision forward.
Sectors
- Financial Markets
- Securities Exchange
Geography
- United States – Cboe Global Markets is based in the United States, and the article mentions Cboe's leadership and financial performance within the country.
Industry
- Financial Markets – Cboe Global Markets operates within the financial markets industry, specifically focusing on securities exchanges.
- Securities Exchange – Cboe Global Markets is a leading operator of securities exchanges, highlighting its significant role in facilitating stock and derivatives trading.
Financials
- $565 million – Cboe's record quarterly net revenue for the first quarter of 2025.
- 13% – Increase in net revenue compared to the first quarter of 2024.
- 25% – Year-over-year increase in operating income.
- $2.37 – Diluted earnings per share, a 21% increase from the first quarter of 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cboe Global Markets Inc. | Target | Companies | A leading securities exchange operator. |
| Craig Donohue | CEO | People | New CEO of Cboe Global Markets, previously chairman of OCC. |
| Fredric Tomczyk | Outgoing CEO | People | Outgoing CEO of Cboe Global Markets, continues as a board member. |
| Options Clearing Corp. | Former Employer of Craig Donohue | Companies | Donohue's former workplace where he was executive chairman and chairman. |
| CME Group | Former Employer of Craig Donohue | Companies | Donohue served as CEO here, leading significant acquisitions. |
| William M. Farrow III | Chairman of the Board | People | Chairman of Cboe Global Markets' board. |
| Robert Marrocco | Former Employee | People | Former global ETP listings head at Cboe, now with Texas Stock Exchange. |