Chicago Board Options Exchange appoints former OCC CEO Craig Donohue as next CEO

According to a report by Golden Ten, the Chicago Board Options Exchange (CBOE), one of the largest derivatives exchanges, has hired former leader of its competitor Craig Donohue as its CEO. On Thursday, the company issued a statement stating that Donoho will replace Frederic Tomczyk, who has been serving as the interim leader of the company. Donohue will join the board of directors on May 7th and take over as CEO. As a senior figure in the derivatives industry, Donoghue served as the CEO of CME for 20 years until he stepped down in 2012. He later became the CEO and Chairman of Options Clearing Corp., the largest stock derivatives clearing institution.