8-KLeadership Changes

Cboe Global Markets, Inc. 8-K Report, Executive Changes (Dec 21, 2017)

Filed December 21, 2017For Securities:CBOE

Summary

Cboe Global Markets, Inc. announced a significant leadership transition within its accounting department, effective in the second half of 2018. David S. Reynolds, Vice President and Chief Accounting Officer, plans to retire. Concurrently, the company has appointed Jill Griebenow, currently CFO of Europe, to succeed Mr. Reynolds as Vice President, Chief Accounting Officer. This planned succession aims to ensure continuity in financial reporting and oversight. Ms. Griebenow brings a strong background in finance, having served in leadership roles within Cboe's European operations since the acquisition of Bats Global Markets. Her experience includes a prior tenure at Ernst & Young and a CPA certification, suggesting a solid foundation for her new responsibilities. Investors should monitor the transition to ensure a smooth handover of critical accounting functions and the continued accuracy of financial disclosures.

Key Highlights

  • 1Planned retirement of Vice President and Chief Accounting Officer, David S. Reynolds, in H2 2018.
  • 2Appointment of Jill Griebenow as the new Vice President, Chief Accounting Officer, also in H2 2018.
  • 3Ms. Griebenow currently serves as CFO, Europe and has been with Cboe (and previously Bats) since 2011.
  • 4Ms. Griebenow has a strong financial background, including prior experience at Ernst & Young and a CPA.
  • 5Ms. Griebenow's 2017 compensation includes a base salary of $275,000 and a target bonus of $121,000.
  • 6Ms. Griebenow's prior equity awards from Bats were assumed and converted to Cboe restricted stock upon acquisition.

Frequently Asked Questions

David S. Reynolds plans to retire in the second half of 2018.

Jill Griebenow, currently the Chief Financial Officer, Europe, has been appointed to succeed Mr. Reynolds as Vice President, Chief Accounting Officer.

Jill Griebenow has served as CFO, Europe since February 2017 (post-Bats acquisition) and was with Bats in financial roles since 2011. She is a certified public accountant and previously held positions at Ernst & Young LLP.

The filing notes her 2017 compensation details, including a base salary of $275,000 and a targeted annual bonus of $121,000. Further compensation details for her new role as Chief Accounting Officer would likely be disclosed closer to her transition date.