August 12, 2014 / 5:18 PM / in 3 years

TMX extends CEO Kloet's contract by 2 months

TORONTO (Reuters) - TMX Group Ltd has extended the contract of its retiring chief executive officer until the end of October, the owner of Canada’s main stock exchange operator said on Tuesday.

Chief Executive of TMX Group Tom Kloet is pictured in Chicago, Illinois, October 1, 2013. REUTERS/Jim Young

Tom Kloet, who had been due to retire at the end of August, agreed to stay until the end of October, the company said in a statement. Sources told Reuters last week that Kloet was likely to stay on for longer as the search for a replacement continued.

Reporting by Alastair Sharp; Editing by Meredith Mazzilli

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