TradingScreen board takes control after CEO suspended on assault charge

CEO and co-founder Philippe Buhannic forced to take six-month absence while assault allegation by employee is investigated.

TradingScreen has appointed a committee to run the business after its CEO, Philippe Buhannic, was reportedly suspended for assaulting an employee.

The trading technology company has put co-founder Buhannic on six-months paid leave following the allegation, according to reports on Bloomberg, and has now appointed a team to lead the company while the matter is investigated further.

Court filings reveal that an internal probe at the company found evidence that Buhannic physically assaulted a worked at the firm’s New York headquarters and the company is now facing a six-figure damage claim.

Buhannic has reportedly denied the assault and initially refused to accept the suspension by the firm‘s board of directors.

A statement issued this week by TradingScreen said that an executive committee, consisting of Piero Grandi, Pierre Schroeder and Robert Tudeau, will oversee operations at the company for the foreseeable future. All three are long time board members, and Grandi has been elected chairman of the board, while Schroeder will serve as interim CEO.