The NASDAQ OMX Group, Inc.
26.05.2011 17:38
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NEW YORK, 2011-05-26 17:38 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that NASDAQ OMX's
stockholders approved the following proposals:
1. Election of 16 directors to a one-year term;
2. Ratification of the appointment of Ernst & Young LLP as NASDAQ OMX's
independent registered public accounting firm for the fiscal year ending
December 31, 2011;
3. Approval of an advisory vote on executive compensation;
4. Approval of the frequency of future advisory votes on executive
compensation every 1 year.
The NASDAQ OMX Group Board is comprised of H. Furlong Baldwin, Urban Backstrom,
Michael Casey, Borje Ekholm, Lon Gorman, Robert Greifeld, Glenn H. Hutchins,
Birgitta Kantola, Essa Kazim, Dr. John D. Markese, Hans Munk Nielsen, Thomas F.
O'Neill, James S. Riepe, Michael R. Splinter, Lars Wedenborn and Deborah L.
Wince-Smith.
The background for each NASDAQ OMX Group director is highlighted below.
Urban Backstrom was elected non-executive Deputy Chairman of NASDAQ OMX's board
of directors effective March 1, 2008. Previously, he was Chairman of OMX's
board of directors since April 2007 and a board member since 2005. He is
currently, since June 1, 2005, also Managing Director of the Confederation of
Swedish Enterprise, a pro-business non-profit organization representing 54,000
Swedish companies. Between 1991 and 1993, Mr. Backstrom was State Secretary in
the Ministry of Finance in Sweden. From 1994 to December 31, 2002, Mr.
Backstrom was Chairman and Governor of The Swedish Central Bank. During that
period he also served on the board of the Bank for International Settlement, as
a board member from 1994 to 1999 and as Chairman from 1999 to 2002. He also
represented Sweden as Governor of the International Monetary Fund, in the
Group-of-Ten, in the European Monetary Institute, a forerunner to the European
Central Bank (ECB) between 1995 and 1998 and in the General Council of ECB
between 1999 and 2002. Mr. Backstrom was, in accordance with the Swedish
Central Bank Act, restricted from seeking employment for ten months after
leaving the Central Bank. From November 2003 until May 2005, he was Chief
Executive Officer of Skandia Liv, one of the largest life insurers in Sweden.
Skills and Qualifications
Mr. Backstrom has extensive experience in the international financial field
where he maintains broad contacts, and he brings a global perspective to the
NASDAQ OMX board. Mr. Backstrom also has senior leadership and risk management
experience as a result of his past professional roles.
H. Furlong Baldwin was elected non-executive Chairman of NASDAQ OMX's board of
directors effective May 12, 2003 and has been a member of NASDAQ OMX's board of
directors since July 2000. Mr. Baldwin also served as a member of FINRA's board
of governors from 1999 until 2003. Mr. Baldwin served as Chairman and Chief
Executive Officer of the Mercantile Bankshares Corporation, a multi-bank
holding company, from April 1976 until March 2001. Mr. Baldwin retired as
Chairman and member of the Mercantile board of directors in March 2003. Mr.
Baldwin joined Mercantile-Safe Deposit & Trust Company in 1956 and was elected
President of Mercantile-Safe Deposit & Trust Company and Mercantile Bankshares
Corporation in 1970, and Chairman and Chief Executive Officer in 1976. Mr.
Baldwin serves on the boards of W.R. Grace & Co., Platinum Underwriters
Holdings, Ltd. and Allegheny Energy, Inc.
Skills and Qualifications
Mr. Baldwin has served in senior leadership roles in his positions as Chairman
and Chief Executive Officer of Mercantile Bankshares Corporation. In these
roles, Mr. Baldwin was responsible for all aspects of that company's operations
and negotiated multiple mergers and acquisitions. Mr. Baldwin also has served
on the boards of directors and compensation and governance committees of
several public companies, bringing extensive public company experience to the
NASDAQ OMX board.
Michael Casey was elected to NASDAQ OMX's board of directors in January 2001.
He is an advisor to the Chief Executive Officer and Chief Financial Officer of
Starbucks Corporation, a leading roaster and retailer of specialty coffee.
Prior to his current position, Mr. Casey served as Executive Vice President,
Chief Financial Officer and Chief Administrative Officer of Starbucks from
September 1997 to October 2007 and Senior Vice President and CFO from August
1995. Mr. Casey is a member of the lululemon athletica inc. board of directors.
Skills and Qualifications
Due to his extensive background in finance and accounting, Mr. Casey meets the
criteria of an audit committee financial expert for the NASDAQ OMX board. Mr.
Casey brings substantial finance and accounting experience as a direct result
of his responsibilities as former CFO of Starbucks. While at Starbucks, Mr.
Casey also gained experience in executive compensation and human resources
issues, which are integral to his role as the chairman of the management
compensation committee of NASDAQ OMX's board.
Borje Ekholm was elected to NASDAQ OMX's board of directors effective February
17, 2011. Mr. Ekholm is the President and Chief Executive Officer of Investor
AB. Prior to becoming the President and Chief Executive Officer in 2005, Mr.
Ekholm was a Member of the Management Group of Investor AB, where he had
oversight of the new investments business. Mr. Ekholm previously served as the
President of Novare Kapital AB, an early-stage venture capital company. He also
served in various positions at McKinsey & Co Inc. Mr. Ekholm is the manager of
Hycliff LLC. Mr. Ekholm serves on the boards of Chalmersinvest AB, EQT Partners
AB, Husqvarna AB, Lindorff Group AB, Scania AB and Telefonaktiebolaget LM
Ericsson. He is a member of the audit committees of Scania AB and Husqvarna AB.
Skills and Qualifications
Mr. Ekholm serves in a senior leadership role at Investor AB as President and
Chief Executive Officer where he has gained invaluable experience in the
financial sector. Mr. Ekholm brings an accounting background to the board from
his current role at Investor AB and also as chairman of the audit committees of
Scania AB and Husqvarna AB. Mr. Ekholm has broad knowledge of international
markets. As a nominee designated by Investor AB, Mr. Ekholm also brings to the
NASDAQ OMX board the perspective of a large stockholder.
Lon Gorman was elected to NASDAQ OMX's board of directors in May 2003. Mr.
Gorman is the retired Vice Chairman of The Charles Schwab Corporation, a
holding company whose subsidiaries engage in securities brokerage and financial
services. From September 2006 to December 1, 2009, Mr. Gorman was Chairman of
NYFIX, Inc., a financial technology company focusing on electronic trading and
straight-through processing solutions for the brokerage community, which was
sold to NYSE Technologies in December 2009. Mr. Gorman served as Vice Chairman
of The Charles Schwab Corporation from July 1999 until November 2004 and as
President of Charles Schwab Institutional and Asset Management and President of
Schwab Capital Markets L.P. Mr. Gorman joined Schwab in June 1996 following 16
years at Credit Suisse First Boston where he was Managing Director and Head of
Global Equity Trading. Prior to CSFB, he was a partner at F. Eberstadt & Co.
with responsibility for institutional sales and trading.
Skills and Qualifications
Mr. Gorman brings risk management experience to the board from his prior roles
in the financial markets industry. He has transactional experience,
specifically in the strategic decision-making, business valuation and deal
structure components of acquisitions and joint ventures. Finally, Mr. Gorman
has a broad knowledge of the securities industry from his forty years of
experience in equity trading and knowledge of the fixed income and options
markets.
Robert Greifeld was elected to the board of directors and appointed Chief
Executive Officer of NASDAQ OMX in May 2003. He also serves as President. Prior
to joining NASDAQ OMX, Mr. Greifeld was an Executive Vice President at SunGard
Data Systems, Inc., a global provider of integrated software and processing
solutions for financial services and a provider of information availability
services. Mr. Greifeld joined SunGard in 1999 through SunGard's acquisition of
Automated Securities Clearance, Inc., where from 1991 through 1999, Mr.
Greifeld was the President and Chief Operating Officer.
Skills and Qualifications
Mr. Greifeld has led NASDAQ OMX through a series of complex, innovative
acquisitions that have extended its footprint across the world, spanning all
asset classes. Mr. Greifeld also has broad experience in the areas of
technology, finance, risk management, human resources and corporate strategy.
Glenn H. Hutchins was elected to NASDAQ OMX's board of directors in May 2005.
Mr. Hutchins is a Co-Founder and Co-Chief Executive Officer of Silver Lake, a
technology investment firm that was established in January 1999. Mr. Hutchins
is the Chairman of the board of SunGard Capital Corp. and serves as a member of
the Nominating and Governance Committee of SunGard Capital Corp. He is a
director of Mercury Payment Systems and is also on the Investors Committee of
NXP B.V. Mr. Hutchins served as a director of Gartner, Inc. from 2000 through
2005, of Seagate Technology LLC from 2002 through 2006 and of TD Ameritrade
Holding Corporation from 2002 through 2006.
Skills and Qualifications
Mr. Hutchins has extensive transactional experience as a private equity
investor, particularly in the area of evaluating, negotiating and structuring
mergers and acquisitions. Mr. Hutchins also holds a law degree and has
extensive experience in the financial and public policy sectors.
Birgitta Kantola was elected to NASDAQ OMX's board of directors effective March
1, 2008. Previously, she was a member of OMX's board since 2007. Since January
2001, she has been the CEO of Birka Consulting Ab, a financial consulting firm.
From 2001 through 2008, she was a board member of Fortum Oyj (Vice Chair) and
from 2003 through 2008, a board member of Nordea AB and from 2000 through 2008,
a board member of Vasakronan and from 2004 through 2009, a board member of
Varma Mutual Pension Company. Currently she is a member of the Boards of Stora
Enso Oyj, Skandinaviska Enskilda Banken AB and Nobina AB. From 1995 through
2000, she was CFO of International Finance Corporation, Washington, DC and
prior to that Executive Vice President of Nordic Investment Bank, Helsinki.
Skills and Qualifications
As the former CFO of a major international financial institution, Ms. Kantola
gained experience in the areas of finance, accounting and risk management. Ms.
Kantola has a law degree, and she has served as a board member of both listed
and unlisted companies for over ten years, gaining in-depth knowledge of
corporate strategy and operations. In addition, Ms. Kantola has a deep
knowledge of stock exchange products.
Essa Kazim was elected to NASDAQ OMX's board of directors effective March 1,
2008. Since 2006, Mr. Kazim has been the Chairman of Borse Dubai and Managing
Director and Chief Executive Officer of the Dubai Financial Market. Mr. Kazim
began his career as a Senior Analyst in the Research and Statistics Department
of the UAE Central Bank in 1988 and then moved to the Dubai Department of
Economic Development as Director of Planning and Development in 1993. He was
then appointed Director General of the DFM from 1999 through 2006. Mr. Kazim is
currently a director of the Dubai International Financial Centre Authority, a
member of the Dubai Council for Economic Affairs, a director of NASDAQ Dubai, a
director of Noor Islamic Bank, a member of the board of the Rochester Institute
of Technology, and a member of the board of governors of Hamdan Bin Mohammed
E-University.
Skills and Qualifications
Through his roles at Dubai Financial Market and Borse Dubai, Mr. Kazim has
experience in all aspects of the operation of stock exchanges, including
regulatory compliance. He brings global experience to the board through his
experience with financial markets in the Middle East. As a nominee designated
by Borse Dubai, Mr. Kazim also brings to the NASDAQ OMX board the perspective
of a large stockholder.
John D. Markese was elected to NASDAQ OMX's board of directors in May 1996. Dr.
Markese served on FINRA's board of governors from 1998 to 2002. Dr. Markese is
the Vice Chairman of the American Association of Individual Investors, a
not-for-profit organization providing investment education to individual
investors founded in 1978.
Skills and Qualifications
As a result of his over forty years of work in finance, Dr. Markese meets the
criteria of an audit committeefinancial expert and serves as the chairman of
the audit committee of NASDAQ OMX's board. Dr. Markese has a doctoral degree in
Finance and has taught business school classes in the areas of Corporate
Finance, Financial Case Analysis, Portfolio Management and Investment Analysis.
Dr. Markese also brings to the NASDAQ OMX board the perspective of the
individual investor community.
Hans Munk Nielsen was elected to NASDAQ OMX's board of directors effective
March 1, 2008. Previously, he was a member of the OMX board since 2005. He was
elected deputy Mayor of Rudersdal municipality in Denmark in November 2009.
From March 1991 until his retirement in December 2007, Mr. Nielsen served as
Senior Executive Vice President and Chief Financial Officer of TDC A/S. Mr.
Nielsen is also Chairman of the boards of Parken Sport and Entertainment AS and
Alipes Capital Aps and Collateralized Mortgaged Obligations Fonden. In
addition, he is Deputy Chairman of the board of Nordea Invest and a member of
the board of Jeudan AS. He has also held various positions at the Great Belt
Link, Carl Bro Group, Danske Bank and Danish Ministry of Finance.
Skills and Qualifications
As the former Chief Financial Officer of TDC, Mr. Nielsen brings significant
financial and accounting experience to the NASDAQ OMX board. In his roles at
TDC and OMX, Mr. Nielsen gained significant experience with regulatory issues
in the securities industry, and also brings significant risk management and
information technology experience to the board.
Thomas F. O'Neill was elected to NASDAQ OMX's board of directors in May 2003.
Mr. O'Neill is a founding principal of Sandler O'Neill + Partners L.P., an
investment bank, which was founded in 1988. Mr. O'Neill retired from Sandler
O'Neill in November 2010. Mr. O'Neill is chairman of the holding company of
First Allied, a broker dealer, and chairman of Ranieri Partners Financial
Services Group, which acquires and manages financial-services companies. Mr.
O'Neill is also a director of Misonix, Inc. and Archer-Daniels-Midland Company.
Mr. O'Neill serves as chairman of the audit committee of Archer-Daniels-Midland
Company and is a member of the audit committee of Misonix.
Skills and Qualifications
Mr. O'Neill has worked on Wall Street since 1972, and as a founding principal
of a nationally-recognized investment bank, he has broad experience in the
areas of finance, mergers and acquisitions and business development. Mr.
O'Neill specializes in working with financial institutions, and his substantial
experience in the finance community contributes to his role as chairman of the
finance committee of NASDAQ OMX's board.
James S. Riepe was elected to NASDAQ OMX's board of directors in May 2003. Mr.
Riepe served as Vice Chairman of the board of directors of T. Rowe Price Group,
Inc., an investment management firm, since April 1997. He was also Chairman of
the T. Rowe Price Mutual Funds. On January 1, 2006, Mr. Riepe retired from
active management at T. Rowe Price and retired from T. Rowe Price Group in
April 2006. Mr. Riepe continues to serve as a Senior Advisor at T. Rowe Price.
Previously, he served on the firm's management committee and was responsible
for overseeing mutual fund activities, including U.S. and global marketing and
service operations. Mr. Riepe served as Chairman of the board of governors of
the Investment Company Institute and on FINRA's board of governors. Mr. Riepe
joined T. Rowe Price in 1982 as Vice President and Director of the firm. He
also serves on the board of directors of Genworth Financial, Inc., LPL
Investment Holdings, Inc., and UTI Asset Management Company Limited, an Indian
investment management company. Mr. Riepe is a Trustee, and previously served as
Chairman of the Board of Trustees, of the University of Pennsylvania.
Skills and Qualifications
Mr. Riepe has experience in risk management as a result of his management
oversight of financial, operational and investment activities and through his
participation on audit, compensation and investment committees. He also has a
broad knowledge of the securities business as a result of his thirty-seven
years in the asset management field.
Michael R. Splinter was elected to NASDAQ OMX's board of directors effective
March 1, 2008. Mr. Splinter has served as President and Chief Executive
Officer, as well as a member of the Board of Directors, of Applied Materials,
Inc., the global leader in nanomanufacturing technologyTM solutions for the
electronics industry, since April 2003 and as Chairman since 2009. Mr. Splinter
is Vice Chairman of the Council on Competitiveness. An engineer and
technologist, Mr. Splinter is a 30-year veteran of the semiconductor industry.
Prior to joining Applied Materials, Mr. Splinter was an executive at Intel
Corporation. Mr. Splinter is a member of the Technology CEO Council, and he
serves on the boards of Semiconductor Equipment and Materials International
(SEMI) and the Silicon Valley Leadership Group.
Skills and Qualifications
As the Chairman and Chief Executive Officer of Applied Materials, Inc., Mr.
Splinter brings to the NASDAQ OMX board the perspective of a company listed on
The NASDAQ Stock Market. Mr. Splinter also has significant experience in
technology/information technology, finance, risk management and corporate
strategy.
Lars Wedenborn was elected to NASDAQ OMX's board of directors effective March
1, 2008. Mr. Wedenborn was elected Chairman of the NASDAQ OMX Nordic Ltd. Board
in October 2009. Previously, he was a member of the OMX board since 2007. Mr.
Wedenborn has been CEO of FAM (Foundation Asset Management), which is fully
owned by Wallenberg Foundations, since September 2007. Mr. Wedenborn started
his career as an auditor followed by an assignment as CFO at Cabanco. During
1991-2000 he was Deputy Managing Director and CFO at Alfred Berg, a
Scandinavian investment bank. He served with Investor AB, a Swedish holding
company, as Executive Vice President and CFO from 2000-2007. Mr. Wedenborn is
Chairman of the board of PWP and a board member of SKF AB and The Grand Hotel.
Skills and Qualifications
Mr. Wedenborn gained senior leadership experience through his work at FAM,
Investor AB and Alfred Berg. He also possesses significant regulatory
experience, and adds a global perspective to the NASDAQ OMX board.
Deborah L. Wince-Smith was elected to NASDAQ OMX's board of directors in May
2004. Ms. Wince-Smith has been the President and Chief Executive Officer of the
Council on Competitiveness, a non-profit group of CEOs, university presidents
and labor leaders committed to driving U.S. competitiveness, since 2001. In
2006, she was nominated by President George W. Bush and confirmed by the U.S.
Senate to serve as a member of the Oversight Board of the Internal Revenue
Service. She is an appointed member of the Secretary of State's Advisory
Committee on International Economic Policy, serves on the Board of Governors
for Argonne National Laboratory, and on the boards of several start-up
technology companies. In 1989, she became the first Senate Confirmed Assistant
Secretary for Technology Policy in the Department of Commerce. Previously, she
served in the Reagan Administration as the Assistant Director for International
Affairs and Global Competitiveness in the White House Office of Science and
Technology Policy.
Skills and Qualifications
Ms. Wince-Smith is a globally recognized expert on science and technology
policy and management, technology commercialization, domestic and international
economic policy, innovation strategy and global business. Ms. Wince-Smith has
been engaged in the valuations of start-up technology companies and in the
architecture for developing and executing new strategic partnerships and
capital investments. In the area of technology/information technology, she is
an internationally known expert in the role of IT productivity and competitive
business advantage.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital
raising solutions to companies around the globe, including its U.S. listings
market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the
U.S. 144A sector. The company offers trading across multiple asset classes
including equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow
NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653)
and Twitter (http://www.twitter.com/nasdaqomx).
NDAQF
CONTACT: The NASDAQ OMX Group, Inc.
Media Contacts:
Frank De Maria
+1.212.231.5183
frank.demaria@nasdaqomx.com
Alexandra Honeysett
+1.646.441.5211
alexandra.honeysett@nasdaqomx.com
News Source: NASDAQ OMX
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Company: The NASDAQ OMX Group, Inc.
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