Cboe Global Markets

Leadership transitioned in May 2025 to CEO Craig Donohue, an experienced derivatives executive and former CME CEO and OCC chairman. Subsequent organizational updates clarified accountability across Derivatives, Data Vantage, and Technology. While there has been turnover in certain roles, the bench remains deep with proven operators.

Incentives include ongoing dividends and measured buybacks rather than aggressive dilution, with stock‑based compensation at manageable levels. We view governance and execution as strengths, with succession risk addressed proactively.