CBOE appoints derivatives veteran Donohue as next CEO.

The Chicago Mercantile Exchange (CME) Global Markets Company has hired Craig Donohue, former leader of its competitor, as its CEO. CME is one of the largest derivatives exchanges. On Thursday, the company issued a statement announcing that Donohue will replace Frederick Tomczyk, who has been serving as the company's interim leader. Donohue will join the board on May 7 and take over as CEO. With decades of experience in the derivatives industry, Donohue served as CEO of CME for 20 years until stepping down in 2012. He later became the CEO and chairman of the largest stock derivatives clearing organization, the Options Clearing Corporation.