The appointment of Mr. Greifeld was announced by the NASDAQ Board of Directors on April 15, 2003. Greifeld joins NASDAQ from SunGard Data Systems Inc., a leading global provider of integrated IT solutions for financial services, where he oversaw all sell-side and buy-side transaction businesses.
Commenting on his new position, Greifeld said, "NASDAQ is a national asset and engine of innovation and growth. Its leadership role has never been more essential to our customers, our investors and the U.S. and global economies." He continued, "It is my privilege to lead this great market." H. Furlong ("Baldy") Baldwin, a member of the Board, today assumed the position of the non-Executive Chairman of the Board. Mr. Baldwin served as Chief Executive Officer of Mercantile Bankshares Corporation in Baltimore from 1976 to 2001, and in March 2003 he retired as Chairman and Director.
NASDAQ also announced additional changes to its executive team.
Glen M. Wolyner assumes the position of Executive Vice President of NASDAQ Transaction Services. He succeeds Dean Furbush who will remain at NASDAQ for an interim period to assist with the transition prior to leaving the business for new pursuits.
"Joining NASDAQ at such an important inflection point is a tremendous opportunity and I look forward to bringing my entrepreneurial and technology experience to this institution," commented Mr. Wolyner.
Mr. Wolyner is the former Chief Operating Officer of FlexTrade Systems Inc., a leading developer of equity trading and order management systems. He also has more than a decade of experience with Bloomberg Financial Markets. In all, Mr. Wolyner brings more than 25 years' experience in the securities industry to the position.
Dean Furbush, who has been with NASDAQ and the NASD since 1995, oversaw the successful launch of SuperMontage in December 2002. Greifeld commented, "Dean has accomplished much in his time at NASDAQ, in particular overseeing the launch of SuperMontage. We wish him much success."
In addition, William Harts, Executive Vice President of Corporate Strategy, has left the company. No replacement has been named. Mr. Harts joined NASDAQ in February of 2002.
NASDAQ is the world's largest electronic stock market. With approximately 3,600 companies, NASDAQ lists more companies and trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ NewsroomSM at www.nasdaqnews.com.
