By Townhall Chicago News Staff
Cboe Global Markets announced Thursday it will hire Catherine Grover as executive vice president and chief human resources officer, effective Nov. 16.
Grover will oversee the Chicago-based exchange operator’s global human resources function, focusing on talent, organizational and workforce strategies to support the company’s growth, according to a news release.
“This is an important moment for Cboe as we continue to build on a position of strength and pursue new opportunities for growth and innovation,” Chief Executive Officer Craig Donohue said in the release. “The opportunities ahead are significant, and realizing them will require us to continue attracting, developing and retaining exceptional talent while fostering a high-performance culture that enables our people and business to thrive.”
Grover joins Cboe from PNC Financial Services Group, where she spent more than 29 years in human resources leadership and business roles. Most recently, she served as executive vice president of human resources at PNC, where she advised senior leadership and led HR teams supporting about 55,000 employees. She also oversaw elements of the company’s enterprise talent strategy, including talent acquisition, development and enablement, according to the release.
“Cboe has a strong business, a clear strategic focus and a high-performing, innovation-driven culture that makes it an exciting place to build a career,” Grover said in the release. “I look forward to working with our talented HR team and building on Cboe’s strong foundation to help scale the organization for what’s ahead.”
Grover will be based in Chicago and report directly to Donohue.
Cboe, traded on the exchange under the ticker CBOE, traces its history to 1973, when it launched the world’s first listed options exchange. The company pioneered S&P 500 index options and created the VIX Index, widely known as Wall Street’s gauge of market volatility.
Today, Cboe operates derivatives, equities and foreign exchange markets, providing trading, clearing and investment solutions for customers worldwide. The appointment of a new chief human resources officer signals the company’s investment in leadership as it pursues expansion across its business lines.
The CHRO position oversees recruitment, employee development, organizational design and workforce planning. At a company with global operations, the role carries responsibility for aligning human capital strategy with business objectives across multiple markets and time zones.
Grover’s decades of experience at PNC, one of the largest financial services companies in the United States, give her a background in managing human resources at scale. PNC reported more than $560 billion in assets as of its most recent quarter.
Cboe did not disclose the terms of Grover’s compensation in the announcement.
