The Globe and Mail reports in its Wednesday edition that since December, the TSX Venture Exchange has been actively looking for ways to jolt its sleepy market back to life. The Globe's Christina Pellegrini writes that now, it will have to look for a new president, too. John McCoach will retire on Dec. 31 after spending six years at the helm of Canada's largest junior equity market. Mr. McCoach has held executive roles since joining TMX Group in 2003. He began his career in the securities industry in 1981. The recent rout in commodity prices has crippled the TSX-V and the companies that list on it. Liquidity has dried up. Listings, financings and issuer value have been steadily falling. In the past five years, the S&P Venture Composite Index has lost 71 per cent of its value. In December, TMX released a revitalization plan. Senior leaders, including Mr. McCoach, have taken their ideas on the road and met with hundreds of clients across the country. A TMX official said Mr. McCoach will continue to work on implementing the revitalization project. TMX Group has not yet appointed a successor to Mr. McCoach. The company said a search of internal and external candidates will take place in the coming months.