Assumes Duties of President and COO
JERSEY CITY, N.J., Jan. 29 /PRNewswire-FirstCall/ --
Knight Trading Group, Inc. (Nasdaq: NITE) today announced that Interim Chief
Executive Officer Anthony M. Sanfilippo has assumed the additional duties of
President and Chief Operating Officer in place of Peter S. Hajas, 41, who has
left the Company to pursue other interests.
Mr. Sanfilippo, 45, is Interim CEO of Knight Trading Group during the
search for a permanent CEO to replace Kenneth D. Pasternak, 47, whose
retirement as Chairman and CEO is effective January 31, 2001. Charles V.
Doherty, 68, non-executive Chairman of Knight's Board upon Mr. Pasternak's
retirement, is overseeing the search for a new Knight CEO with the assistance
of leading executive search firm Heidrick & Struggles International, Inc.
"During his five-year tenure with Knight, Tony has proven his ability to
balance multiple roles. We are confident that his depth of knowledge and
management experience will ensure that the Company maintains its course during
the transition to a new CEO," Mr. Doherty said. "The Board thanks Peter for
his commitment to Knight over the last two years, and we wish him well in
Knight is the liquidity center that offers superior execution services to
its broker-dealer and institutional clients in over-the-counter (OTC) and
listed equity securities, and in equity options. In so doing, Knight helps
its clients meet their fiduciary obligation of obtaining best execution for
the securities orders that they route on behalf of their customers. Knight
also maintains an asset management business for institutional investors and
high net worth individuals through Deephaven Capital Management LLC.
Knight has the power to commit capital for market orders and also
maintains one of the largest limit order books in the OTC market. The Company
has approximately 1,300 employees worldwide and is one of the largest
destinations for stock orders placed via the Internet. Knight traded
135 billion shares in the year 2001, a volume behind only those posted by
Nasdaq and the New York Stock Exchange (NYSE). Ultimately, Knight plans to
enable its clients to trade all types of equity securities and options at any
time, from anywhere in the world. More information about Knight can be
obtained at http://www.knighttradinggroup.com.
The matters described herein contain forward-looking statements that are
made pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve a number of
risks, uncertainties or other factors beyond the Company's control, which
could cause actual results to differ materially from historical results,
performance or other expectations and from any opinions or statements
expressed with respect to future periods. These factors include, but are not
limited to, the Company's ability to implement its growth strategies,
economic, political and market conditions and fluctuations, government and
industry regulation, interest rate risk, intellectual property rights, and
other factors detailed in the Company's registration statement and periodic
reports filed with the Securities and Exchange Commission.
SOURCE Knight Trading Group, Inc.
/CONTACT: Margaret Wyrwas, Senior Vice President, Corporate
Communications & Investor Relations, +1-201-557-6954, email@example.com,
Kara Fitzsimmons, Manager, Corporate Communications, +1-201-356-1523,
firstname.lastname@example.org, Judy Pirro, Manager, Investor and Shareholder
Relations, +1-201-356-1548, email@example.com, all of Knight Trading
/Web site: http://www.knighttradinggroup.com/
CO: Knight Trading Group, Inc.
ST: New Jersey
-0- Jan/29/2002 11:00 GMT
Press spacebar to pause and continue. Press esc to stop.