Nasdaq Names Adena Friedman as Chief Operating Officer

  • Friedman started at Nasdaq in 1993 before leaving for Carlyle
  • CEO Bob Greifeld's contract with Nasdaq ends in 2017

Nasdaq Inc. named Adena Friedman as chief operating officer, moving her one step closer to the top job at the stock-market operator.

Friedman, 46, is also Nasdaq president and widely considered the front-runner to replace Robert Greifeld as chief executive officer, though the succession would still need board approval. Friedman’s appointment as COO was announced in a release on Wednesday.

Part of Friedman’s job will be to sell the exchange company’s technology around the world. She was in Turkey last week when Borsa Istanbul officially flipped the switch on its equity market, which had been upgraded with Nasdaq technology.

Friedman worked at Nasdaq for 18 years before moving to the Carlyle Group in 2011. She returned to the exchange company in 2014, taking financial responsibility for the firm’s listing services, index and data products, and its market-technology business.

At the same time, Nasdaq appointed Hans-Ole Jochumsen as president of global trading and market services, according to a statement. He is responsible for the company’s exchanges and clearinghouses. Jochumsen was president at OMX AB before it merged with Nasdaq in 2008.

Greifeld, meanwhile, has been CEO since 2003. He joined the company from SunGard Data Systems Inc. His contract ends in 2017.

“This is a natural progression for Adena and Nasdaq, given the evolution of our organization into a global financial technology leader,” Greifeld said in the release.

The Wall Street Journal earlier reported Friedman’s appointment.

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