Chicago-based Trading Technologies International, a global provider of trading solutions, has unveiled changes to its management structure and named a new executive team. The fresh executive moves come as the company’s President and CFO, Michael Kraines is parting ways with Trading Technologies following a four-year tenure.

“Michael was instrumental in driving our business plans forward for the last five years and ensuring TT’s financial strength. We are grateful for him and wish him the best in his new endeavor,” said Tim Geannopulos, Chairman and CEO of TT.

The company said its strategy is to increase focus on growing the core business, and that, in line with this, it is changing its structure and strengthening the executive team with four new promotions. That included elevating Farley Owens from his current roles as Head of Product Marketing to be its newest President.

Roger Mills, who spent nearly two decades at Trading Technologies, will take over as Chief Financial Officer. As part of the change, Guy Scott has also been named as EVP Global Head of Sales after he served most recently as Managing Director of Sales for Americas where he was the primary lead on sell-side relationships and buy-side sales.

Tim Geannopulos Replaces Rick Lane as TT CEO

Finally, Bharat Mittal was installed as Chief Technology Officer, taking on an expanded role after he has been in charge of all aspects of TT’s global engineering enterprise. As CTO, Mittal will continue to direct software, network and systems engineering and lead TT’s overall technology strategy.

“Farley, Roger, Guy and Bharat are long-standing leaders who have proven themselves to our customers, shareholders and employees. In their new roles, they will continue to bring keen domain expertise and experience as we forge ahead with our goals of growth and expansion,” added Trading Technologies CEO.

The recent changes come barely one month after Tim Geannopulos returned to Trading Technologies after seven years to take over as Chief Executive from Rick Lane, who stepped down to pursue another opportunity.

Geannopulos was TT’s fifth founding partner and held the position of Executive Vice President and Head of sales for more than 15 years. He succeeded Rick Lane who had been the Chairman of the company’s board of directors since 2018. Lane joined Trading Technologies in 2010 when it acquired the company he co-founded, TickIt Trading Systems. He became CTO in 2012 before he was named CEO by Harris Brumfield, the majority shareholder of Trading Technologies, in 2014.