Outgoing TMX CEO Tom Kloet likely to stay on until at least October as external replacement eyed, sources tell Reuters.
TORONTO/NEW YORK, Aug 7 (Reuters) – Tom Kloet, who was
initially set to bow out later this month as chief executive of
Toronto Stock Exchange operator TMX Group Ltd, is now
likely to stay on until at least October as TMX hunts for a
long-term replacement, seven financial industry sources familiar
with the succession process said.
Three of the seven sources, all of whom spoke on condition
of anonymity because the process is not public, said the
exchange operator is leaning heavily in favor of an external
candidate, but that the board may fall back on an internal name
if it is unable to find a suitable candidate from outside the