TSX Group Inc. today responded to rumours in the marketplace about the appointment of a new CEO.

In January, the TSX Group Board appointed its Governance Committee to undertake a search for a new CEO and it continues to finalize its process to select a new CEO.

The in a statement the TSX said “The Committee has not reached an agreement with any candidate at this time.”

The selection and announcement of a new CEO is currently expected to be made before the TSX Group Annual Meeting on June 11.

A report in The Globe and Mail said the TSX is close to hiring U.S. executive Bernand Dan to run the exchange. Dan is the former president and CEO of the Chicago Board of Trade.