TMX Group Promotes John McKenzie to CEO from CFO

TMX Group, an exchange operator and owner of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, has appointed John McKenzie as its chief executive officer (CEO) after he led the company as an interim since January.

“Following a rigorous, global search process, the Board of Directors is proud to announce the appointment of John McKenzie to the role of TMX Group Chief Executive Officer,” TMX Group chair, Charles Winograd said.

“As we narrowed our focus on a shortlist of talented internal and external candidates, it became clear to the Board that John's impressive combination of business savvy, leadership acumen, and vision make him the best fit for TMX and the right choice to lead the Company into the next exciting chapter in our history."

He took the charge of the company after the retirement of former CEO Lou Eccleston, and his appointment as the permanent head will be effective immediately. Also, he received a seat at the board members table.

Climbed the Corporate Ladder to the Top

McKenzie has over 25 years of experience in the financial industry and spent the last two decades at TMX Group in various leadership roles. He was named as the Group’s chief financial officer in 2016, along with additional responsibilities for the company's corporate strategy, corporate development, and investor relations functions.

Furtnermore, he was overseeing the Groups capital formation businesses, including the Toronto Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and TSX Venture Exchange, since 2018.

Frank DiLiso, Vice President of corporate finance and administration of the Group has taken the charge of the CFO position until a permanent replacement is found.

“While TMX has many key attributes, including a strong collection of assets, a resilient business model, and a firm commitment to executing our long-term growth strategy, the true driving force behind TMX's success is our talented and dedicated people,” McKenzie said in a statement.