Concannon to Replace Ratterman as BATS CEO, Ratterman Becomes Chairman
Could another IPO attempt be in the offing?
In a series of dominoes falling, Concannon replaces Joe Ratterman, who has been the exchange operator's CEO since 2007.
Ratterman will take back over as chairman of the board, replacing Paul Atkins, who will continue working at his consulting firm, Patomak Global Partners. Ratterman ceded his role as chairman following its stalled initial public offering (IPO) bid in 2012.
"We are at a unique point in our company history where we are experiencing high watermarks in market share and profitability
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