CEO Thomas Kloet to Retire from TMX Group Limited
(Canada Newswire Via Acquire Media NewsEdge)
TORONTO, March 17, 2014 /CNW/ - TMX Group Limited today announced that
Thomas Kloet, Chief Executive Officer, will retire from the company
effective August 31, 2014.
Mr. Kloet was appointed Chief Executive Officer of TMX Group Inc., the
predecessor of TMX Group Limited, in June 2008 and became CEO of TMX
Group Limited in July 2012. He has led the company through a period of
significant growth, global expansion, diversification and change,
transforming TMX Group into a universal multi-asset class exchange and
During his tenure Mr. Kloet has, among his many achievements, overseen
the launch of multiple products and services in all areas the business,
as well as the expansion of TMX Group's international product
distribution through new offices in London, New York, Sydney and
Beijing. Under his leadership, TMX Group has also been active in
mergers and acquisitions, with Mr. Kloet's initial focus in 2008 being
the integration of Montreal Exchange into TMX Group Inc. He was
instrumental in leading TMX Group Inc. through the acquisition by Maple
Group Acquisition Corporation (now TMX Group Limited), a consortium of
13 of Canada's largest financial institutions and pension funds, in
2012, and the subsequent integration of TMX Group Inc., The Canadian
Depository for Securities Limited and Alpha Exchange Inc.
Chuck Winograd, Chair of TMX Group Limited, said: "The Board of
Directors wishes to thank Tom for his leadership and many contributions
to the organization, and we wish him the very best in his retirement.
Tom leaves behind a strong management team who will continue to execute
on the organization's growth strategy. It has been gratifying to work
with Tom as we managed the transition of the company through a time of
change and consolidation in the industry."
Mr. Kloet stated: "It has been my honour to work with an incredibly
talented team who devote themselves to managing a company that, unlike
any other, plays a unique role in the Canadian economy. We can all be
proud of what we have accomplished at TMX Group during my tenure as
CEO. The exchange industry has been my passion for more than 30 years,
and it has evolved rapidly in recent years. I have been privileged to
have had the opportunity to be part of the exciting emergence of TMX
Group as Canada's national exchange group and a partner of companies
the world over."
The Board of TMX Group Limited has constituted a search committee to
identify a successor to Mr. Kloet. That search will involve both
internal and external candidates and will begin immediately.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed
income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montreal
Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options
Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing
facilities, depository services, data products and other services to
the global financial community. TMX Group is headquartered in Toronto
and operates offices across Canada (Montreal, Calgary and Vancouver),
in key U.S. markets (New York, Houston, Boston and Chicago) as well as
in London, Beijing and Sydney. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE Toronto Stock Exchange
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