26 Oct 2017
Executives attending an extraordinary meeting of Deutsche Börse’s supervisory board on Thursday announced Chief Executive Officer Carsten Kengeter would step down at the end of the year.
The company had long been trying to put an end to allegations of insider trading over share purchases by the CEO.
Kengeter, who had denied any wrongdoing and said he was cooperating with investigators, made share purchases shortly before formal merger talks with the London Stock Exchange were announced and triggered a sharp rise in Deutsche Börse’s stock value.
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