Japan CPI slightly higher than expected in July, underlying inflation steady
CHICAGO - Cboe Global Markets, Inc. (Cboe: CBOE), a prominent player in the derivatives and securities exchange sector currently trading near its 52-week high of $233.05, disclosed today that Executive Vice President and Global President Dave Howson will resign from his position, effective August 1, 2025. Howson is set to return to the UK, concluding a three-year tenure in Chicago. According to InvestingPro data, the company has demonstrated strong performance with a 58.44% return over the past year.
Concurrent with Howson’s departure, Cboe announced the expansion of roles for Cathy Clay, Executive Vice President and Global Head of Derivatives, and Chris Isaacson, Executive Vice President and Chief Operating Officer. Clay will now also oversee the Cboe Data Vantage business, while Isaacson will take on additional responsibilities including oversight of Cash Equities, Global FX, and Clearing. The company’s financial health score is rated as "GREAT" by InvestingPro, with robust profitability metrics including a 19% return on equity.
Cboe’s CEO Craig Donohue praised the leadership qualities of Clay and Isaacson, emphasizing their contributions to the company’s success and expressing confidence in their ability to further drive growth. Post Howson’s exit, Donohue will also assume the President title.
The company highlighted Clay’s entrepreneurial spirit and integral role in developing Cboe Data Vantage, suggesting that her expanded oversight will enhance integration within the business. Isaacson’s broad experience and leadership in cash equities, FX, and clearing are expected to continue delivering strong performance and support Cboe’s standing as a leading global equity market operator. The company has maintained dividend payments for 16 consecutive years, with 10 years of consecutive dividend increases, demonstrating consistent shareholder returns.
Howson expressed his gratitude for the opportunity to contribute to Cboe’s global business and culture and voiced his confidence in the company’s future under the leadership of Clay and Isaacson.
Cboe Global Markets operates a network of derivatives and securities exchanges offering advanced trading and investment solutions globally. The company’s commitment to building a trusted, inclusive marketplace is central to its mission of enabling sustainable financial futures for its clients. For deeper insights into Cboe’s financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which include expert analysis and fair value estimates for over 1,400 US stocks.
This announcement is based on a press release statement from Cboe Global Markets.
In other recent news, Cboe Global Markets Inc. reported first-quarter 2025 earnings that exceeded expectations, with adjusted earnings per share (EPS) reaching $2.50, surpassing the forecasted $2.24. The company also posted a 13% year-over-year increase in net revenue, totaling $565 million. This strong performance was driven by diverse segment growth and the launch of innovative products, including Bitcoin index futures. Despite the positive earnings report, Morgan Stanley downgraded Cboe Holdings to an Underweight rating, reducing the price target from $256 to $215. This downgrade reflects concerns over declining volatility and its potential impact on trading volumes. In contrast, UBS maintained a Neutral rating but raised its price target to $245, following Cboe’s strong first-quarter results. UBS noted the company’s potential for growth, particularly in expanding its market reach to retail investors and overseas traders. Additionally, the recent appointment of Craig Donohue as CEO has garnered attention regarding possible strategic changes at Cboe.
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