PANews reported on May 2 that according to Jinshi, CBOE Global Markets hired Craig Donohue, the former leader of its competitor, as its CEO. CBOE is one of the largest derivatives exchanges. On Thursday, the company issued a statement saying that Donohue will replace Frederic Tomczyk, who has been serving as the company's interim leader. Donohue will join the board of directors on May 7 and take over as CEO. A veteran in the derivatives industry, Donohue served as CEO of CME for 20 years until he stepped down in 2012. He later became CEO and chairman of Options Clearing Corp., the largest stock derivatives clearing agency.