NEW YORK, March 15, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (NASDAQ(r)); (Nasdaq:NDAQ) today announced that it has appointed the Honorable Michael G. Oxley as non-executive Vice Chairman of NASDAQ. In his new position, Mr. Oxley will work with public company chief executives and board members on NASDAQ's behalf and oversee outreach to NASDAQ listed companies on public policy issues. Additionally, he will serve as an advisor to NASDAQ President and Chief Executive Officer Bob Greifeld and the NASDAQ Board of Directors. Oxley will report to Bob Greifeld.
Mr. Oxley joins NASDAQ after a 34-year career in public life, including 25 years of distinguished service in the U.S. Congress and as former Chairman of The House Financial Services Committee.
"Mike Oxley is a top-notch strategic thinker who will partner with us to communicate with listed company CEOs and board members regarding how NASDAQ can support them on both a business and policy level," said Bob Greifeld, President and CEO of NASDAQ. "Mike represents good governance which translates into good business acumen. He has been involved with the capital markets during one of the most dynamic times in history, beginning with his drive to bring decimalization to the capital markets in 2001. We look forward to his contributions."
"NASDAQ is one of the most innovative marketplaces, with the highest listing standards, in the world and I am excited to be involved with this global exchange as it continues to evolve," said Mr. Oxley. "This is a wonderful opportunity for me to work with Bob and his dynamic management team during a time of increasing change and sophistication for the markets. I look forward to working with forward thinking NASDAQ listed companies and the CEOs who define this marketplace to review everything from market evolution, public policy issues and the refinement of Sarbanes Oxley."
In January of 2001, Oxley was chosen by the House leadership to chair the new Financial Services Committee. Building on the previous Banking Committee, the new panel consolidated jurisdiction to address the areas of banking, insurance, securities and exchanges, housing, and monetary policy. Among the panel's many legislative achievements under Oxley's chairmanship are the Sarbanes-Oxley Act to respond to the era of corporate corruption, the Terrorism Risk Insurance Act to resolve the post-9/11 insurance crisis, the anti-money laundering provisions of the USA PATRIOT Act to help track terrorist financing, and the FACT Act that brought consumers the free annual credit report.
Mr. Oxley will have offices in New York and Washington and also serves as Of Counsel with Baker Hostetler.
