Why is the current CFO resigning?

The filing states that David P. Warren is resigning as Chief Financial Officer effective July 2009. It does not specify a reason for his resignation, only that he will transition out of the CFO role.

Will the company have a new CFO immediately?

No, there will be a transition period. Adena T. Friedman will officially become CFO in July 2009, and Mr. Warren will stay through December 2009 to ensure a smooth handover.

What is Adena T. Friedman's experience relevant to the CFO role?

Adena T. Friedman currently heads Corporate Strategy and Global Data Products. Her experience includes leading strategic initiatives, mergers and acquisitions (like the combination with OMX AB and acquisition of INET), and overseeing data product dissemination, which provides her with a strong understanding of the company's operations and strategic direction.

Is this announcement related to any financial performance issues?

The 8-K filing only reports the departure of an officer and the appointment of a new one. It does not contain financial statements or discuss financial performance, so there is no information within this report to suggest a link to performance issues.

NDAQ 8-K: Leadership Changes

Summary

This 8-K filing from The NASDAQ OMX Group, Inc. reports a significant leadership change in its finance department. Effective July 2009, Executive Vice President and Chief Financial Officer, David P. Warren, will resign from his CFO role but will remain with the company through December 2009 to oversee a transition period. Adena T. Friedman, currently Executive Vice President of Corporate Strategy and Global Data Products, has been appointed as the new Chief Financial Officer. Ms. Friedman brings extensive experience within NASDAQ OMX, having been instrumental in key strategic initiatives such as the combination with OMX AB and the acquisition of INET. Her background in corporate strategy and data products positions her to manage the company's financial operations.

Key Highlights

1David P. Warren, EVP and CFO, is resigning from his CFO position effective July 2009.
2Mr. Warren will remain with the company in a transitional capacity until December 2009.
3Adena T. Friedman, EVP of Corporate Strategy and Global Data Products, will assume the role of CFO.
4Ms. Friedman has a strong track record within NASDAQ OMX, including leadership on the OMX AB merger and INET acquisition.
5The filing includes a press release as an exhibit detailing these leadership changes.

NASDAQ, INC. 8-K Report, Executive Changes (Feb 26, 2009)

Summary

Key Highlights

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