01—Abstract
Summary
Summary of the 8-K filed November 1, 2019. Cited figures are marked; the original filing is the authoritative source.
Cboe Global Markets, Inc. (CBOE) filed an 8-K report on November 1, 2019, primarily to announce a significant executive leadership change within its European operations.
Mark S. Hemsley, currently Executive Vice President and President of Europe, is slated to depart from his current role effective December 31, 2019. He will transition to a Senior Vice President position within a subsidiary starting January 1, 2020, and will assist in the handover of his responsibilities through February 28, 2020.
Concurrently, Cboe announced the planned appointment of David Howson, currently Chief Operating Officer of Cboe Europe Limited, to succeed Mr. Hemsley as Executive Vice President, President Europe, effective January 1, 2020. Mr. Howson brings extensive experience from his previous roles, including as Founder and CTO of Equiduct. This leadership transition in a key geographical segment of Cboe's business is the central focus of this filing.
02—Key points
Key Highlights
- Mark S. Hemsley, EVP, President Europe, will depart his current role on December 31, 2019.
- Mr. Hemsley will transition to a Senior Vice President role within a Cboe subsidiary effective January 1, 2020.
- Mr. Hemsley will provide transition support for his European duties until February 28, 2020.
- David Howson is appointed as the new EVP, President Europe, effective January 1, 2020.
- David Howson currently serves as COO of Cboe Europe Limited and has prior experience as Founder/CTO of Equiduct.
- The company is filing Mr. Hemsley's resignation letter and a related press release as exhibits.
03—Questions
Frequently Asked Questions
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to announce a change in executive leadership for Cboe's European operations, specifically the departure of Mark S. Hemsley from his role as President of Europe and the appointment of David Howson as his successor.
Will Mark S. Hemsley be leaving the company entirely?
No, Mark S. Hemsley is not leaving the company. He is transitioning from his role as Executive Vice President, President Europe to a Senior Vice President position within one of Cboe's subsidiaries, effective January 1, 2020.
Who is replacing Mark S. Hemsley and what is their background?
David Howson is appointed as the new Executive Vice President, President Europe, effective January 1, 2020. Mr. Howson currently holds the position of Chief Operating Officer of Cboe Europe Limited and previously founded and served as CTO of Equiduct.
What is the timeline for these executive changes?
Mark S. Hemsley's departure from his current role is effective December 31, 2019. His transition to the new subsidiary role begins January 1, 2020, with transition support continuing until February 28, 2020. David Howson's appointment as President Europe is effective January 1, 2020.
04—Continue