Cboe Global Markets, Inc. (CBOE, Financial) has announced the resignation of David Howson, the company's Executive Vice President and Global President. Mr. Howson's departure is scheduled for August 1, 2025, allowing him to assist with the transition of his duties until that date. The company clarified that Mr. Howson's resignation was not due to any disagreements regarding the company's operations, policies, or practices.
In conjunction with his resignation, Cboe Global Markets and Mr. Howson have entered into a Letter Agreement. This agreement outlines that Mr. Howson will continue to receive his current base salary and benefits through the transition period. Additionally, he will retain a pro rata portion of certain time-based and performance-based restricted stock units that would vest in February 2026, based on the number of days worked through the Transition Date. The remainder of these units will be forfeited.
Following Mr. Howson's departure, Craig Donohue, the current Chief Executive Officer of Cboe Global Markets, will take on the role of President. This appointment will be effective immediately after the Transition Date.
The company issued a press release on May 28, 2025, to formally announce Mr. Howson's resignation and the subsequent executive changes. This transition marks a significant shift in the leadership structure of Cboe Global Markets, as the company continues to navigate its strategic objectives.
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