Nasdaq Appoints New Controller And Head Of Investor Relations - Market Builds Finance Department In Transition To Independent, Investor-Owned Company

The Nasdaq Stock Market, Inc. (Nasdaq®), today announced appointments to two positions that represent significant additions to Nasdaq's operation. Ronald Hassen was appointed Senior Vice President and Corporate Controller. Hassen is responsible for all accounting operations, including external financial reporting, payroll, accounts receivable and billing. He reports directly to David P. Warren, Chief Financial Officer. Paul Warburg was appointed Vice President of Investor Relations and is responsible for leading all activities related to Nasdaq's shareholder base, including material news dissemination and interaction with financial analysts. Warburg also reports to Warren.

"These appointments are significant in building our financial infrastructure as Nasdaq moves toward becoming a stand-alone, investor-owned company," said Warren. "Ron has an enormous amount of experience in accounting and financial reporting and will be a tremendous asset in our newly structured environment. Paul brings extensive experience in finance and in creating strategic investor relations programs. We are delighted to have these high-caliber professionals join our team."

Hassen comes to Nasdaq from Deutsche Bank North America, where he had been employed since 1989. He held a variety of positions there, serving most recently as Managing Director and Controller. Hassen holds a B.B.A. in Accounting from Bernard M. Baruch College and an M.B.A. in Finance from Long Island University.

Before joining Nasdaq, Warburg held the position of Vice President of Finance & Operations at 24/7 Media, and held a series of increasingly senior positions at Pitney Bowes. He received his B.A. and M.B.A. from Boston University and spent a year abroad studying at the University of St. Andrews in Scotland.