TMX Group Inc. announced Friday that its chief executive, Lou Eccleston, will be retiring early, less than two months after years-old allegations of harassment were raised about him in a media report.
The focus of the article was Michael Bloomberg, who is running for president of the United States, and it detailed a series of employee lawsuits against Bloomberg LP, the New York-based financial data and news company he founded. Eccleston, a former Bloomberg employee from the late 1980s until 2002, was not named in any of the lawsuits, but according to the article some employees had accused him of inappropriate behaviour in court records and filings with the New York Division of Human Rights.
In the statement, board chair Charles Winograd said the board accepted Eccleston’s decision to retire and recognized his “outstanding efforts” since taking on the CEO role in October 2014. A search will be conducted to find a permanent CEO, with both internal and external candidates considered, TMX said.
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