Summary
CME Group Inc. filed an 8-K on February 5, 2015, announcing a key executive appointment. The company's Board of Directors approved the appointment of Jack Tobin as the new Managing Director and Chief Accounting Officer, effective April 1, 2015. This appointment follows an interim period by Jill A. Harley, who will transition to a different role within the company. Mr. Tobin brings extensive experience, having served as Managing Director of Corporate Finance at CME Group since 2007 and holding various finance roles at predecessor companies and PricewaterhouseCoopers. His background as a certified public accountant and long tenure within the financial services industry at CME Group and its affiliates position him to oversee the company's accounting functions. The filing also confirms that Mr. Tobin's compensation will be aligned with other executives at his level and that there are no reported family relationships or related-party transactions.
Key Highlights
- 1Jack Tobin appointed as Managing Director and Chief Accounting Officer, effective April 1, 2015.
- 2Jill A. Harley, who served as interim Chief Accounting Officer, will remain with the company in a new capacity.
- 3Mr. Tobin has 13 years of financial services experience with CME Group and its predecessors (CBOT Holdings, CBOT).
- 4Mr. Tobin's prior experience includes serving as Principal Consultant at PricewaterhouseCoopers.
- 5Mr. Tobin is a registered certified public accountant.
- 6Compensation for Mr. Tobin will be commensurate with other executives at his level.
- 7No family relationships or disclosed related-party transactions exist between Mr. Tobin and the company's officers or directors.