New Leadership at Cboe Global Markets: Craig Donohue Takes Over as CEO

Cboe Global Markets Welcomes New CEO Craig Donohue

On May 1, 2025, Cboe Global Markets, Inc., a premier player in the global derivatives and securities exchange sector, revealed that Craig S. Donohue will officially assume the role of Chief Executive Officer starting May 7, 2025. This transition marks a significant milestone for the company as it continues to navigate the complexities of the financial marketplace.

Mr. Donohue, a distinguished executive with over 30 years of experience in the financial sector, previously spearheaded the CME Group, where he served as CEO for eight years. His leadership at CME was instrumental in executing major mergers and acquisitions, notably for over $20 billion, thereby shaping the organization into a leading financial entity.

In his latest position, Donohue served as Chairman of the Board at OCC (Options Clearing Corporation), the largest equity derivatives clearing organization globally. His tenure at OCC was marked by a commitment to excellence and innovation, traits that Cboe aims to embody under his leadership.

William M. Farrow III, Chairman of Cboe's Board of Directors, expressed enthusiasm about Donohue’s appointment, highlighting his strategic vision and wealth of industry connections that are expected to amplify Cboe’s growth trajectory and increase shareholder value. "We are thrilled to welcome Craig to Cboe. His visionary leadership and proven track record make him an excellent choice to lead our company," Farrow noted.

Donohue echoed this sentiment, expressing his admiration for Cboe and his eagerness to enhance the company’s position within the global financial markets. "Cboe is an institution I have long admired, and I am honored to be their next CEO. I am excited to work with the strong team to enhance our market leadership and build upon the remarkable reputation that Cboe has established over the last five decades," he stated. His vision emphasizes innovation, excellence, and teamwork, aligning seamlessly with Cboe's corporate values.

The current CEO, Fredric Tomczyk, is slated to transition from his CEO role to a director position on the board after the transfer of power. He commended Donohue's credentials, stating, "Craig is a highly accomplished and respected leader in the global derivatives industry and will no doubt lead Cboe to new heights. I look forward to working closely with him on a seamless transition."

As the financial landscape evolves with new challenges and opportunities, Donohue's extensive background in international markets and governance is expected to be pivotal. With Cboe continuously committed to innovation and market excellence, stakeholders eagerly anticipate the strategic initiatives that Donohue will implement.

In conclusion, the leadership change at Cboe Global Markets comes with high expectations from the board and market participants alike. With Donohue at the helm, Cboe aims to strengthen its legacy and ensure its role as a leader in the global derivatives market. The new CEO’s seasoned experience and strategic vision set an optimistic precedent as Cboe embarks on this new chapter of growth and innovation.