Nasdaq (Nasdaq: NDAQ) today announced that
Michael Ptasznik has decided to retire from his position as
Chief Financial Officer effective February 28, 2021.
Ptasznik will be succeeded by Ann Dennison, Nasdaq’s Senior
Vice President, Controller and Chief Accounting Officer. Dennison
will assume the role of Chief Financial Officer
effective March 1, 2021.
Ptasznik joined Nasdaq in 2016, and during his
tenure he played an important role in a number of the company’s
strategic and financial business initiatives, such as leading the
strategic business review, introducing and implementing the annual
capital allocation process to reassess the business portfolio,
executing $1.1 billion of acquisitions and more than $500 million
of divestitures, managing a successful balance sheet and
refinancing $3.5 billion of debt, and overseeing the establishment
of Nasdaq Venture’s investment program. He was an early and
passionate sponsor of Nasdaq’s Environmental, Social and Governance
corporate and commercial initiatives. Ptasznik’s retirement follows
a successful 30-year career in the accounting and financial
services profession.
Prior to joining Nasdaq, Michael served as Chief Financial
Officer for TMX Group Limited. During the course of his 20-year
tenure at that firm, he provided strategic and financial leadership
through significant corporate and funding transactions, including
the firm's successful 2002 IPO, the transformational merger with
the Montreal Exchange, and the $3.8 billion Maple transaction in
2012.
"On behalf of the entire team at Nasdaq and the Board of
Directors, I want to thank Michael for his leadership and
dedication to our company and values,” said Adena Friedman,
President and Chief Executive Officer, Nasdaq. “During his time
with Nasdaq, Michael has been vital to the development and
successful execution of our business strategies, including the
important role he played in repositioning Nasdaq as a global
technology company. As CFO, he ensured a strong financial position,
and he played a key role in helping us build a culture around
teamwork and innovation, particularly as we transitioned the entire
company to a remote working environment during the pandemic. I also
personally want to thank Michael for being a trusted advisor to me
and true business partner to our management team. We all wish him a
happy and well-deserved retirement.”
Friedman added: "It also gives me great confidence and pride to
know that Ann is stepping into this role. Ann is a dedicated leader
with a deep understanding of our business and our long-term vision.
She has made significant contributions to Nasdaq’s financial
soundness in her five years with the company and her diligence and
expertise will be significant factors in our growth strategy.”
“It has been a privilege to work alongside Adena, the Board of
Directors and the entire team at Nasdaq,” said Ptasznik. “Under
Adena’s leadership, Nasdaq embarked on a strategic pivot to
establish itself as a leading technology, data and analytics
company. The company achieved this through a number of strategic
acquisitions, organic investments in technology and people, and
with a clear vision. Having been a part of that transformation has
been one of the most rewarding times of my career. During this
time, Ann was a key member of my senior leadership team, and
working closely with her during my time at Nasdaq I know that all
of our stakeholders are in good hands.”
"Transitioning into the role of CFO at a time when Nasdaq has
continued to prove its resilience and innovative thinking is a
tremendous opportunity," said Dennison. "I want to thank Michael
for his leadership and mentorship, which has been invaluable during
our years together. I look forward to continuing to work closely
with Adena, the Board of Directors and our employees to further
fuel our success as a leading technology company, as well as
meeting the needs of our diverse set of stakeholders."
As Controller and Chief Accounting Officer, Dennison is
responsible for all areas of the company’s accounting and financial
reporting, as well planning and analysis, tax, procurement, and
global accounting operations. She has been with Nasdaq for five
years and has more than 20 years of experience in financial
reporting and analysis. Prior to joining Nasdaq, Dennison worked at
Goldman Sachs as Managing Director, Head of Financial Reporting and
holds a BBA/MBA, Accounting and Finance from Pace University —
Lubin School of Business.
About
Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the
capital markets and other industries. Our diverse offering of data,
analytics, software and services enables clients to optimize and
execute their business vision with confidence. To learn more about
the company, technology solutions and career opportunities, visit
us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Media Relations Contacts:
Allan Schoenberg(212) 231-5534allan.schoenberg@nasdaq.com
Will Briganti(646) 964-8169william.briganti@nasdaq.com
Investor Relations Contact:
Ed Ditmire, CFA(212) 401-8737ed.ditmire@nasdaq.com
Cautionary Note Regarding Forward-Looking
Statements Information set forth in this communication
contains forward-looking statements that involve a number of risks
and uncertainties. Nasdaq cautions readers that any forward-looking
information is not a guarantee of future performance and that
actual results could differ materially from those contained in the
forward-looking information. Such forward-looking statements
include, but are not limited to (i) projections relating to our
future financial results, total shareholder returns, growth,
trading volumes, products and services, order backlog, taxes and
achievement of synergy targets, (ii) statements about the closing
or implementation dates and benefits of certain acquisitions and
other strategic, restructuring, technology, de-leveraging and
capital return initiatives, (iii) statements about our integrations
of our recent acquisitions, (iv) statements relating to any
litigation or regulatory or government investigation or action to
which we are or could become a party, and (v) other statements that
are not historical facts. Forward-looking statements involve a
number of risks, uncertainties or other factors beyond Nasdaq’s
control. These factors include, but are not limited to, Nasdaq’s
ability to implement its strategic initiatives, economic, political
and market conditions and fluctuations, government and industry
regulation, interest rate risk, U.S. and global competition, and
other factors detailed in Nasdaq’s filings with the U.S. Securities
and Exchange Commission, including its annual reports on Form 10-K
and quarterly reports on Form 10-Q which are available on Nasdaq’s
investor relations website at http://ir.nasdaq.com and the SEC’s
website at www.sec.gov. Nasdaq undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future events or otherwise.
-NDAQF-
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