The Nasdaq OMX Group (Nasdaq:NDAQ) today announced that David Warren, Executive Vice President and Chief Financial Officer of Nasdaq OMX, has advised the company that he intends to step down from his role as CFO in July 2009.
Until that time, Mr. Warren will continue in his current role.
Beginning in July, Mr. Warren will oversee a transition period with Adena Friedman, currently Executive Vice President, Corporate Strategy and Global Data Products, who will assume the role of CFO. Mr. Warren will remain with NASDAQ OMX through December 2009.
"David has been a trusted business partner over the last six years and our business accomplishments during his tenure speak for themselves," said Bob Greifeld, Chief Executive Officer of NASDAQ OMX. "His unique style and wise counsel will be missed, and we look forward to David's continued contributions through the end of 2009."
Mr. Warren joined NASDAQ from Long Island Power Authority in January 2001 as Chief Administrative Officer, and he assumed the expanded role of CFO of NASDAQ in July of that year. During his tenure, Mr. Warren has overseen numerous acquisitions and strategic investments, most notably the combination with OMX and acquisitions of the Philadelphia Stock Exchange and the Boston Stock Exchange in 2008, the acquisition of INET in 2005 and the acquisition of BRUT ECN in 2004.
"It has been a pleasure to work with such a talented and focused management team and I look forward to a smooth transition period," said Mr. Warren.