TMX Group Ltd. says chief executive Lou Eccleston is stepping down immediately following allegations against him related to conduct prior to his time at the company.
Business Insider in November reported that Eccleston was accused in court records and filings of inappropriate behaviour involving female employees while he was a senior executive at Bloomberg in New York.
It said Eccleston believes "it is in the best interests of TMX Group, including its employees and stakeholders, for him to retire early." John McKenzie will immediately step into the role of interim CEO while continuing with his position as chief financial officer as the company launches a search for a replacement.
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