08:14 AM EDT, 05/02/2025 (MT Newswires) -- Cboe Global Markets ( CBOE ) said Thursday it has named Craig S. Donohue as chief executive officer and member of the board of directors, starting May 7.

Donohue will succeed Fredric Tomczyk, who will step down as CEO but remain on the board and transition to an advisory role through June 2025, the company said.

Donohue has over 30 years of experience in the global derivatives market and had served as chairman and CEO of Options Clearing as well as CEO of CME Group, Cboe Global said.