Thomas Kloet, CEO of TMX Group Ltd., will retire from the company effective Aug. 31, 2014.
Kloet was appointed CEO of TMX Group Inc., the predecessor of TMX Group Ltd., in June 2008 and became CEO of TMX Group Ltd. in July 2012.
Under his leadership, TMX Group has also been active in mergers and acquisitions, with Kloet’s initial focus in 2008 being the integration of Montreal Exchange into TMX Group Inc.
The company says he was instrumental in leading TMX Group Inc. through the acquisition by Maple Group Acquisition Corp. (now TMX Group Ltd.), a consortium of 13 of Canada’s largest financial institutions and pension funds, in 2012, and the subsequent integration of TMX Group Inc., The Canadian Depository for Securities Ltd. and Alpha Exchange Inc.
“The board of directors wishes to thank Tom for his leadership and many contributions to the organization, and we wish him the very best in his retirement,” says Chuck Winograd, chair of TMX Group Ltd. “Tom leaves behind a strong management team who will continue to execute on the organization’s growth strategy. It has been gratifying to work with Tom as we managed the transition of the company through a time of change and consolidation in the industry.”
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