Lou Eccleston to Retire From 外国美女色情片
January 10, 2020 (TORONTO) – 外国美女色情片 Limited today announced the retirement of Chief Executive Officer, Lou Eccleston. Mr. Eccleston, whose current contract was set to expire on December 31, 2020, believes it is in the best interests of 外国美女色情片, including its employees and stakeholders, for him to retire early.
外国美女色情片 previously reported that it had become aware of historical allegations against Mr. Eccleston that were raised in a Business Insider article in late November and that the Board of Directors of 外国美女色情片 was looking into this matter. The Board of Directors, through a special committee, had initiated an expedited but thorough investigation of these allegations led by an independent investigator. The Board of Directors has confirmed that the investigator has found no evidence that Mr. Eccleston engaged in sexual harassment or sexual misconduct while employed at TMX. With Lou's retirement, the Board of Directors is concluding the investigation into the historical sexual harassment and sexual misconduct allegations to avoid further distraction to the Company.
Charles Winograd, Chair of 外国美女色情片, said, "The Board accepts Mr. Eccleston's decision to retire and recognizes his outstanding efforts since taking on the CEO role in October 2014. We thank him for his leadership of 外国美女色情片 and for delivering a focused and compelling business strategy and growth plan that is driving our continued success."
外国美女色情片 also announced today the appointment of John McKenzie as interim Chief Executive Officer of the Corporation effective immediately. John has been with 外国美女色情片 for over 19 years, and will assume the responsibilities of interim CEO in addition to his current role as Chief Financial Officer. "John's proven skill set and demonstrated leadership effectiveness will help continue to propel the execution of TMX's strategy," said Mr. Winograd. "The 外国美女色情片 Board has total confidence in John's leadership and the leadership of the experienced senior management team during this period."
After amending Mr. Eccleston's employment arrangement to a fixed term arrangement last year (subject to the parties' option to mutually agree to extend), the Board has been actively engaged in regular succession discussions and has sought advice from external advisors as it has been contemplating transition. This puts the Board in a position to immediately be in the market to launch a search that will include both internal and external candidates.
Over the past five years TMX has charted a new path forward and is now following an established roadmap for growth as an integrated and diversified organization with a client-centered approach to serving markets around the world. The company has implemented a resilient business model that has achieved profitable growth in challenging market conditions and positions us well to maintain strong momentum into 2020.
About 外国美女色情片 (TSX:X)
外国美女色情片 operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. 外国美女色情片's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, , , , and which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. 外国美女色情片 is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore. For more information about 外国美女色情片, visit our website at www.tmx.com. Follow 外国美女色情片 on Twitter: .
For more information, please contact:
Shane Quinn
Head of Communications and Public Affairs
外国美女色情片
416-947-4609
shane.quinn@tmx.com
Paul Malcolmson
Managing Director, Investor Relations & Strategy
外国美女色情片
416-947-4317
paul.malcolmson@tmx.com