Cboe Global Markets Names Craig Donohue as New CEO

Cboe Global Markets Inc. (CBOE), a leading securities exchange operator, recently announced that it has appointed Craig Donohue as its new CEO.

Effective 7 May, Donohue will succeed Fredric Tomczyk, who will step down as CEO and remain on the board.

Donohue became chairman of the Options Clearing Corp. (OCC) board in 2024, having previously served as executive chairman since 2019 after a three-year tenure as CEO from 2016 to 2019.

He originally joined the OCC in 2014 as executive chairman.

Prior to OCC, Donohue served as CEO of derivatives exchange operator CME Group from 2004 to 2012, where he led over $20 billion in mergers and acquisitions.

Commenting on the appointment, William M. Farrow III, chairman of the board of Cboe Global Markets, said, "We are thrilled to welcome Craig to Cboe. His visionary leadership, deep experience, industry relationships, and proven track record in global financial markets make him an excellent individual to take the helm as CEO at Cboe."

Elsewhere, Robert Marrocco, who served as global ETP listings head for just under 10 years, departed the firm to join the Texas Stock Exchange as its global head of exchange-traded products (ETPs).

CBOE Earnings Highlights

CBOE reported its first-quarter 2025 earnings results on May 2, which showed a record quarterly net revenue reading of $565 million. That marked a 13% increase from 2024's first quarter figure. 

The company also reported a 25% year-over-year increase in operating income to nearly $354 million, as well as $2.37 in diluted earnings per share—a 21% increase versus 2024's first quarter.

Speaking to the current quarter, Tomczyk said in the press release, "The second quarter is off to a robust start, and we look forward to continuing to execute on our strategic vision by providing clients with a diverse toolkit of products for any market environment."